ATLANTA (AP) — Interface Inc. (TILE) on Tuesday reported fourth-quarter profit of $6.4 million.
The Atlanta-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, were 41 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The carpet tile company posted revenue of $337.1 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $344.8 million.
For the year, the company reported profit of $50.3 million, or 84 cents per share. Revenue was reported as $1.18 billion.
Interface shares have increased 25 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.75, a fall of 25 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TILE at https://www.zacks.com/ap/TILE
