BUZZ-Mohawk Industries falls on lower Q3 revenue

Reuters

2024-10-25

** Shares of home flooring maker Mohawk Industries down nearly 12% at $135

** Co posts lower Q3 revenue, hurt by weak demand for its flooring and ceramic products

** MHK's Q3 revenue falls 1.7% to $2.72 bln from a year earlier

** 7 of 18 brokerages rate the stock "buy" or higher and 11 "hold"; their median PT is $172 - LSEG

** Up to last close, stock up 47% YTD

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))

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