Stock Track | MillerKnoll Shares Plunge 8.59% After Hours on Disappointing Q3 Guidance and FY25 Outlook Cut

Stock Track2024-12-19

MillerKnoll (MLKN) experienced an 8.59% plunge in its stock price during the after-hours trading session on Wednesday. This significant drop followed the company's release of its fiscal second-quarter earnings report, which included weaker-than-expected guidance for the third quarter and a lowered earnings outlook for fiscal year 2025.

For the third quarter, MillerKnoll projected adjusted earnings per share (EPS) of $0.41 to $0.47, well below analysts' consensus estimate of $0.56. The company also forecasted revenue in the range of $903 million to $943 million, slightly missing the consensus expectation of $927.15 million.

Furthermore, MillerKnoll revised its fiscal year 2025 adjusted EPS guidance downward, now anticipating a range of $2.11 to $2.17, compared to the previous outlook of $2.20. This adjustment fell short of analysts' consensus estimate of $2.16.

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This significant drop followed the company's release of its fiscal second-quarter...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MLKN","symbol_name":"MillerKnoll","start_time":0,"source_url":"","article_id":"1104484560","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104484560","pubTimestamp":1734558015,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MillerKnoll  experienced an 8.59% plunge in its stock price during the after-hours trading session on Wednesday. This significant drop followed the company's release of its fiscal second-quarter earnings report, which included weaker-than-expected guidance for the third quarter and a lowered earnings outlook for fiscal year 2025.For the third quarter, MillerKnoll projected adjusted earnings per share  of $0.41 to $0.47, well below analysts' consensus estimate of $0.56. The company also forecaste","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MLKN":"MillerKnoll"},"translate_title":"由于第三季度指引令人失望和2025财年前景下调，MillerKnoll股价盘后暴跌8.59%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MLKN":1},"content_text":"MillerKnoll (MLKN) experienced an 8.59% plunge in its stock price during the after-hours trading session on Wednesday. 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