Investing.com - HNI reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
HNI announced earnings per share of $0.71 on revenue of $598.80. Analysts polled by Investing.com anticipated EPS of $0.65 on revenue of $642.29M.
HNI shares are down 33.22% from the beginning of the year and are trading at $28.08 , down-from-52-week-high.
HNI follows other major Industrials sector earnings this month
HNI's report follows an earnings missed by Lockheed Martin on Tuesday, July 19, 2022, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $1.88 on revenue of $15.98B.
Union Pacific had beat expectations on Thursday with third quarter EPS of $3.19 on revenue of $6.57B, compared to forecast for EPS of $3.08 on revenue of $6.44B.
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