HNI Corporation reported a first-quarter net loss of $38.8 million, versus a $13.9 million profit a year ago, with EPS swinging to a $0.55 loss from a $0.29 gain. Adjusted EPS also declined to $0.34 from $0.44, indicating weaker underlying profitability. The results are likely to pressure the stock, though the article provides no revenue or guidance details.
HNI Corporation reported a first-quarter net loss of $38.8 million, versus a $13.9 million profit a year ago, with EPS swinging to a $0.55 loss from a $0.29 gain. Adjusted EPS also declined to $0.34 from $0.44, indicating weaker underlying profitability. The results are likely to pressure the stock, though the article provides no revenue or guidance details.
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strongly negative
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-0.55
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