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Herman Miller Inc Issues Q2 2014 Guidance; Revenue Guidance Below Analysts' Estimates

Wednesday, 18 Sep 2013 04:00pm EDT 

Herman Miller Inc announced that it expects net sales in the second quarter of 2014 to be in the range of $460 million to $475 million. This would represent an increase of between 4% and 8% from the second quarter of 2013. The Company expects to report a net loss in the period of between $(1.43) and $(1.39) per share (EPS). On an adjusted basis, excluding the impact of legacy pension costs, earnings per share in the quarter are expected to range between $0.38 and $0.42. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $489 million and EPS of $0.38 for the second quarter of 2014. 

Company Quote

-0.035 -0.12%
15 Sep 2014