MillerKnoll Gains 8% Despite Q3 Revenue Miss and S…
From Financial Modeling Prep: 2025-03-27 12:04:00
MillerKnoll (NASDAQ:MLKN) shares surged over 8% despite a mixed fiscal report and weak outlook. Q3 earnings per share hit $0.44, meeting expectations, but revenue fell short at $876.2 million. Q4 guidance is below expectations, with EPS projected at $0.46 to $0.52 and revenue at $910 million to $950 million. Full-year forecasts were also trimmed.
The company experienced varied performance in its portfolio, with Global Retail orders rising 15% while contract business struggled due to economic uncertainty affecting office spending.
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