Millerknoll falls on missing profit estimates

MillerKnoll

04/01/2022 23:34

** Shares of office and home furniture maker  MLKN.O  down
4.24% at $37.53 after the bell 
    ** Co reports Q2 adj profit of 51 cents per share, below
analysts' est of 57 cents per share - Refinitiv data
    ** However, MLKN says Q2 sales rose 63.9% to $1.03 bln and
forecasts Q3 sales of $1.01 bln to $1.05 bln, above est of
$987.3 mln  urn:newsml:reuters.com:*:nPn83FXPza
    ** Co says ability to produce and ship orders was impacted
in near-term by continued global supply chain issues and labor
supply disruptions
    ** Shares of MLKN were up ~16% last year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))