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Why Knoll Stock Was Sliding Today

TheMotleyFool

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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.

Image source: Getty Images.

Source Fool.com

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