Knoll expects Q2 profit above Wall Street expectations
Shares of Knoll, Inc. (NYSE:KNL) are rising after the furniture maker announced after Wednesday’s close that it expects second-quarter profits within Wall Street’s expectations. The East Greenville, Penn.-based firm said it expects quarterly earnings in the range of $0.39 to $0.41 per share, excluding restructuring costs. Wall Street analysts anticipate earnings of $0.38 per share.
In Thursday afternoon trading, KNL shares are up 12.87%, or $1.51, at $13.24. For detailed price information and recent news stories about Knoll, click KNL.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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