MillerKnoll drops on weaker-than-expected Q4 forecasts

MillerKnoll

28/03/2024 10:14

** Shares of office supplies maker MillerKnoll Inc  MLKN.O 
down ~5.2% at $25.25 premarket
    ** Co forecasts Q4 sales of $800 mln to $920 mln, and profit
of 49 cents and 57 cents per share, below analysts' estimate of
$961.4 mln in sales and 68 cents in profit - LSEG
    ** MillerKnoll posts Q3 sales of $872.3 mln after markets
close on Wednesday, missing analyst estimate of $909.5 mln
    ** However, Q3 adjusted EPS of 45 cents beat analyst
estimate of 44 cents
    ** Up to Wednesday's close, stock was up 14.4% YTD

 (Reporting by Atharva Singh in Bengaluru)
 ((atharva.singh@thomsonreuters.com))