Knoll beats by $0.06, beats on revs (17.88)
Reports Q3 (Sep) earnings of $0.33 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.27; revenues rose 23.7% year/year to $268.3 mln vs the $259.74 mln consensus.
- Net sales for the Office segment were $166.8 million during Q3, an increase of 10.8%, attributable to new workplace models and office systems. Offsetting this growth in the Office segment was a marginal decline in government sales year- over-year.
- Net sales for the Studio segment was $72.2 mln, +91.5% (+13% ex-HOLLY HUNT acquisition.