Investing.com - Mohawk Industries reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mohawk Industries announced earnings per share of $3.34 on revenue of $2.90. Analysts polled by Investing.com anticipated EPS of $3.40 on revenue of $3.03B.
Mohawk Industries shares are down 18% from the beginning of the year and are trading at $94.90 , down-from-52-week-high.
Mohawk Industries shares lost 3.41% in after-hours trade after the report.
Mohawk Industries follows other major Consumer Discretionary sector earnings this month
Mohawk Industries's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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