Herman Miller Inc. Q4 adjusted earnings Beat Estimates

Herman Miller Inc. (MLHR) revealed earnings for its fourth quarter that advanced from last year.

The company’s earnings came in at $46.2 million, or $0.78 per share. This compares with $31.8 million, or $0.53 per share, in last year’s fourth quarter.

Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 8.6% to $671.0 million from $618.0 million last year.

Herman Miller Inc. earnings at a glance:

-Earnings (Q4): . vs. . last year.
-EPS (Q4): $0.88 vs. $0.66 last year.
-Analysts Estimate: $0.77
-Revenue (Q4): $671.0 Mln vs. $618.0 Mln last year.

EARNINGS SUMMARY: Details of Pier 1 Imports Inc. Q1 Earnings Report

Below are the earnings highlights for Pier 1 Imports Inc. (PIR):

-Earnings: -$81.71 million in Q1 vs. -$28.50 million in the same period last year.
-EPS: -$19.97 in Q1 vs. -$7.11 in the same period last year.
-Analysts projected -$11.5 per share
-Revenue: $314.32 million in Q1 vs. $371.86 million in the same period last year.

Rite Aid Corp. Q1 adjusted earnings of -$0.14 per share

Below are the earnings highlights for Rite Aid Corp. (RAD):

-Earnings: -$99.3 million in Q1 vs. -$41.7 million in the same period last year.
-EPS: -$1.88 in Q1 vs. -$0.79 in the same period last year.
-Excluding items, Rite Aid Corp. reported adjusted earnings of -$7.5 million or -$0.14 per share for the period.
-Revenue: $5.37 billion in Q1 vs. $5.39 billion in the same period last year.

-Guidance:
Full year revenue guidance: $21.5 – $21.9 Bln

Worthington Industries Inc. Bottom Line Advances In Q4

Worthington Industries Inc. (WOR) revealed a profit for its fourth quarter that increased from the same period last year.

The company’s profit totaled $37.7 million, or $0.66 per share. This compares with $30.8 million, or $0.50 per share, in last year’s fourth quarter.

The company’s revenue for the quarter fell 8.0% to $938.8 million from $1020.5 million last year.

Worthington Industries Inc. earnings at a glance:

-Earnings (Q4): $37.7 Mln. vs. $30.8 Mln. last year.
-EPS (Q4): $0.66 vs. $0.50 last year.
-Revenue (Q4): $938.8 Mln vs. $1020.5 Mln last year.

Pier 1 stock falls after earnings

Pier 1 Imports Inc. shares PIR, +1.39% were down 16% in after-hours trading Wednesday after the retailer reported fiscal-first quarter earnings. Pier 1 reported a net loss of $81.7 million, or $19.97 a share, compared with a loss of $28.5 million, or $7.11 a share, a year earlier. The company completed a 1-for-20 reverse stock split on June 20. Net sales for the quarter fell to $314 million from $371 million in the year-earlier period. Analysts surveyed by FactSet expected $330 million in revenue. The company posted a 13.5% drop in comparable-store sales compared with a year prior. Pier 1 shares have gained 44% so far this year, as the S&P 500 SPX, -0.12% has risen 16%.

KB Home stock gain as builder’s Q2 earnings, sales top views

Shares of KB Home KBH, -1.22% rose 7% in the extended session Wednesday after the builder reported second-quarter results above Wall Street expectations. KB Home earned $47.5 million, or 51 cents a share, in the quarter, compared with $57.3 million, or 57 cents a share, in the year-ago period. Revenue fell to $1.02 billion, compared with $1.10 billion a year ago. Analysts polled by FactSet had expected KB Home to report earnings of 39 cents a share on sales of $943 million. "With net order value up 13% year over year to $1.5 billion, driven by double-digit order growth in each of our four regions, and continued year-over-year community count growth anticipated for our third and fourth quarters, we are confident we can produce further improvement in our results in the second half of this year," the company said in a statement.

Senate approves $4.6 billion in aid to migrants at the southern border

The Senate has approved bipartisan legislation providing $4.6 billion to care for thousands of migrants streaming into the U.S. across the Mexican border.

The measure resembles a package Democrats already pushed through the House with scant Republican support. The House bill has more constraints than the Senate version on how the Trump administration would use the money, leaving the next step unclear.

Passage of the House bill came Tuesday night after House Speaker Nancy Pelosi tamped down opposition from progressives and Hispanic lawmakers concerned that the measure wasn’t doing enough.

Congressional leaders hope to send President Donald Trump a compromise measure before lawmakers leave town for a July 4 recess.

A startling photo of the corpses of two migrants and revelations of horrid conditions for children detained by U.S. authorities have put pressure on Congress to improve migrants’ conditions.

Trump spoke to House Speaker Nancy Pelosi Wednesday, after Pelosi called the president to press for negotiations.

Rite Aid stock falls 10% after larger-than-expected quarterly loss

Shares of Rite Aid Corp. RAD, +3.80% fell more than 10% in the extended session Wednesday after the retailer reported a larger-than-expected fiscal first-quarter loss. Rite Aid reported a net loss from continuing operations of $1 billion, or $1.88 a share, compared with a net loss of 79 cents a share in the year-ago period. Revenue was flat at $5.4 billion. Analysts polled by FactSet had expected a GAAP quarterly loss of 90 cents a share on sales of $5.4 billion. First-quarter results "did not meet our expectations due to prescription reimbursement rate pressure in the retail pharmacy segment and margin compression in the pharmacy services segment," Rite Aid said in a statement. The shares ended the regular session up 3.8%.