HNI Corp. (HNI) Tops Q3 EPS by 3c, Offers FY16 & FY17 Guidance

HNI Corp. (NYSE: HNI) reported Q3 EPS of $0.80, $0.03 better than the analyst estimate of $0.77. Revenue for the quarter came in at $584.6 million versus the consensus estimate of $583.7 million.

GUIDANCE:

HNI Corp. sees FY2016 EPS of $2.60-$2.70, versus the consensus of $2.61.

• sales to be down 1 to 4 percent in the fourth quarter over the same period in the prior year

HNI Corp. sees FY2017 EPS of $2.75-$3.15, versus the consensus of $3.01.

• consolidated net sales down 2 percent to up 2 percent

For earnings history and earnings-related data on HNI Corp. (HNI) click here.

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