Why Mohawk Industries, Cabot Oil & Gas, and Fortive Slumped Today [The Motley Fool]
Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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US:NYSE Investor Relations:
mohawkind.com/corporateiroverview.aspx
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Source: The Motley Fool
Why Mohawk Industries, Cabot Oil & Gas, and Fortive Slumped Today These companies fell in the wake of their respective earnings reports despite the broader market's gains. The broader market edged even higher into record territory on Friday, buoyed in part by strong earnings releases in the tech sector and better-than-expected U.S. GDP growth. Despite the overall positive mood on Wall Street, disappointing second-quarter earnings reports dragged down shares of Mohawk Industries ( NYSE:MHK ) , Cabot Oil & Gas ( NYSE:COG ) , and Fortive ( NYSE:FTV ) . Shares of Mohawk plunged nearly 18% following the flooring specialist's second-quarter earnings release, which included cautious commentary from management. Revenue came in at $2.6 billion, relatively unchanged from a year ago. That led to adjusted net income of $210 million, or $2.89 per share. Analysts were modeling for $2.7 billion in sales and $2.87 per share in adjusted profit. Though the company beat bottom-line expectations, CEO
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MHK
News
- Mohawk Industries, Inc. Invites You to Join its Fourth Quarter Earnings Conference CallGlobeNewswire
- When Should You Buy Mohawk Industries, Inc. (NYSE:MHK)? [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. (NYSE: MHK) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Wells Fargo & Company from $140.00 to $135.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Barclays PLC from $146.00 to $141.00. They now have an "equal weight" rating on the stock.MarketBeat
MHK
Earnings
- 10/24/24 - Beat
MHK
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- MHK's page on the SEC website