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Why Interface Stock Rose Today

TheMotleyFool

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Shares of Interface (NASDAQ: TILE) have risen today, up by 4% as of 1:50 p.m. EDT, after the company reported second-quarter earnings. The results topped Wall Street's forecasts.

Revenue in the second quarter was $260 million, beating the consensus estimate of $251.7 million. That resulted in adjusted net income of $16 million, or $0.27 per share. Analysts were modeling for just $0.07 per share in adjusted profits. The commercial flooring company finished the quarter with $92 million in cash and $620 million in debt.

Image source: Getty Images.

Source Fool.com

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