Stock Track | Interface Soars 14% Premarket on Strong Q3 Earnings Beat, Raised Full-Year Outlook

Stock Track

Nov 01, 2024

Shares of Interface Inc. (NASDAQ:TILE) surged over 14% in pre-market trading on Thursday, after the modular carpet manufacturer reported better-than-expected third-quarter 2024 financial results and raised its full-year revenue outlook.

For the quarter ended September 29, Interface posted adjusted earnings of $0.48 per share, significantly beating analysts' consensus estimate of $0.34 per share. The company's net sales rose 10.7% year-over-year to $344.27 million, also surpassing the $336.42 million expectation.

Following this strong performance, Interface raised its fiscal 2024 net sales forecast to a range of $1.315 billion to $1.325 billion, compared to its previous guidance of $1.30 billion to $1.32 billion. This upwardly revised outlook exceeded analysts' average projection of $1.31 billion for the full year.

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(NASDAQ:TILE) surged over 14% in pre-market trading on Thursday, after the modular carpet manufacturer reported better-than-expected third-quarter 2024 financial results and raised its full-year revenue outlook.</p>\n\n<p>For the quarter ended September 29, Interface posted adjusted earnings of $0.48 per share, significantly beating analysts' consensus estimate of $0.34 per share. The company's net sales rose 10.7% year-over-year to $344.27 million, also surpassing the $336.42 million expectation.</p>\n\n<p>Following this strong performance, Interface raised its fiscal 2024 net sales forecast to a range of $1.315 billion to $1.325 billion, compared to its previous guidance of $1.30 billion to $1.32 billion. This upwardly revised outlook exceeded analysts' average projection of $1.31 billion for the full year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TILE","symbol_name":"Interface Inc.","start_time":0,"source_url":"","article_id":"1176561765","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176561765","pubTimestamp":1730462537,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Interface Inc.  surged over 14% in pre-market trading on Thursday, after the modular carpet manufacturer reported better-than-expected third-quarter 2024 financial results and raised its full-year revenue outlook.For the quarter ended September 29, Interface posted adjusted earnings of $0.48 per share, significantly beating analysts' consensus estimate of $0.34 per share. 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