MillerKnoll Beats Wall Street Forecasts; Rocket Lab Lowers Outlook
- September 26th, 2023
- 501 views
MillerKnoll, Inc. (Nasdaq: MLKN) reported robust first-quarter fiscal 2024 earnings, coming in at $0.37 per share, surpassing the consensus EPS estimate of $0.21. The company also exceeded revenue expectations, with quarterly sales reaching $917.70 million, compared to analysts' projected revenue of $899.60 million.
Looking ahead to its second-quarter fiscal 2024, MillerKnoll anticipates adjusted EPS to fall within the range of $0.52 to $0.58, slightly exceeding the consensus EPS estimate of $0.51 for the period.
$MLKN was trading at $22.40 in after-hours, reflecting a substantial increase of $3.25 (+16.97%).
In other financial news, Rocket Lab USA, Inc. (Nasdaq: RKLB) has adjusted its Q3 2023 financial outlook following a launch anomaly on September 19, 2023.
The company now expects revenue to range from $66 million to $68 million, down from the prior guidance range of $73 million to $77 million. This adjustment contrasts with the consensus revenue estimate of $74.5 million for the period.
In after-hours, $RKLB was trading at $4.11, down $0.13 (-3.07%)
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