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Market Overview

Recap: HNI Q2 Earnings

Share:

Shares of HNI (NYSE:HNI) rose 136% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 47.37% over the past year to $0.20, which beat the estimate of ($0.31).

Revenue of $417,456,000 decreased by 20.64% year over year, which beat the estimate of $379,940,000.

Outlook

HNI hasn't issued any earnings guidance for the time being.

HNI hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $42.90

52-week low: $16.61

Price action over last quarter: Up 34.26%

Company Profile

HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its office furniture segment, which consists of products such as panel-based and freestanding furniture systems and complementary products. These products are sold primarily through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. The hearth segment consists of products including gas-, wood-, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, mainland China, Hong Kong, India, and Taiwan.

 

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Posted-In: Earnings