Dixie Group soars 21% after topping Q2 earnings per share estimates
The Dixie Group Inc. (Nasdaq:DXYN) has soared 21% today after the company reported ahead of the opening that its second-quarter earnings had beat Wall Street estimates. For the quarter ended June 28, net income was $1.28 million, or $0.10 per share, compared with $2.55 million, or $0.20 per share, from the same quarter a year earlier. Sales declined 9% to $77.2 million. Despite the drops, the Chattanooga, Tenn.-based company’s results beat analysts’ earnings per share views; Wall Street was expecting earnings per share of $0.07 on revenues of $77.4 million.
The company said rising raw material and energy-related costs sliced into their margins and helped drag down second-quarter results. At 10:07 a.m. ET, shares are at $5.75, up $1 from Monday’s close. Shares have ranged from $4.61 to $12.31 during the past year.
The company said rising raw material and energy-related costs sliced into their margins and helped drag down second-quarter results. At 10:07 a.m. ET, shares are at $5.75, up $1 from Monday’s close. Shares have ranged from $4.61 to $12.31 during the past year.
For access to the full article, you must be a registered member - it's FREE.
Already a member? Please log in below
Not Registered?
Register today and enjoy all that SmallCapInvestor.com has to offer, including:
- Daily small cap stock profiles.
- Intra-day coverage of Russell 2000 companies.
- Research and insights from our analysts.
- Special reports.
