Herman Miller surges as work-from-home boost drives earnings beat

MillerKnoll

16/09/2020 21:48

** Office and home furniture maker's shares  MLHR.O  rise
13.9% to $29.49 in extended trading  
    ** Co, mainly known for its office chairs, beats Q1 sales
and profit estimates, boosted by a fourfold jump in orders for
home office furniture
    ** Shares are among the top pct gainers on Nasdaq after the
bell 
    ** Co reports adj. Q1 EPS of $1.24 vs. analysts' estimates
of $0.26; net sales of $626.8 mln beat expectations of $524.8
mln  urn:newsml:reuters.com:*:nPn28nlQla
    ** MLHR also reinstates quarterly dividend at $0.1875/share
    ** Stock has risen ~80% from its March lows, but is still
down 37.9% YTD

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
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