Why Knoll Stock Was Sliding Today
Shares of Knoll (NYSE: KNL) were falling today after the interior-decorating specialist turned in a subpar fourth-quarter earnings report. As a result, the stock was down 13.8% as of 12:09 p.m. EDT.
Knoll, which owns design brands including Spinneybeck and Edelman Leather, said sales increased 4.7% to $371.4 million, which missed estimates of $391.8 million. The company noted that macroeconomic drivers of workplace and residential demand became more mixed and cited issues related to tariffs and stagnating corporate profits.
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Source Fool.com
