Revenue Update on Herman Miller(NASDAQ:MLHR)

Herman Miller(NASDAQ:MLHR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 22, 2016. Company reported revenue of $582.60M. Analysts estimated a revenue of $568.55M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.52.

Herman Miller (MLHR) shares turned negative on Mondays trading session with the shares closing down -1.24 points or -4.22% at a volume of 6,57,917. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.06. The peak price level was also seen at $29.06 while the days lowest was $27.87. Finally the shares closed at $28.11. The 52-week high of the shares is $34.07 while the 52-week low is $22.6. According to the latest information available, the market cap of the company is $1,684 M.

Several Insider Transactions has been reported to the SEC. On Apr 27, 2016, Dorothy A Terrell (director) sold 6,100 shares at $30.76 per share price.Also, On Jan 22, 2016, Douglas D French (director) sold 976 shares at $24.92 per share price.On Oct 22, 2015, David O Ulrich (director) sold 11,922 shares at $31.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Herman Miller Inc. researches designs manufactures and distributes interior furnishings for use in various environments including office healthcare educational and residential settings and provides related services that support organizations and individuals all over the world. It operates in three segments: North American Furniture Solutions which includes the operations associated with the design manufacture and sale of furniture products for work-related settings including office education and healthcare environments throughout the United States and Canada; ELA Furniture Solutions which includes EMEA Latin America and Asia-Pacific. ELA Furniture Solutions includes the operations associated with the design manufacture and sale of furniture products primarily for work-related settings in these aforementioned geographic regions; and Specialty and Consumer which includes the operations associated with the design manufacture and sale of furniture products.

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