Mohawk shares soar after revenue beat [MarketWatch]
Mohawk Group Holdings, Inc. (MWK)
Last mohawk group holdings, inc. earnings: 11/5 04:05 pm
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Source: MarketWatch
Mohawk shares soar after revenue beat Mohawk Group Holdings Inc. MWK, +1.11% shares soared 8.6% in Friday trading after the consumer products company reported second-quarter revenue that beat expectations. Net losses totaled $7.6 million, or 62 cents per share, after a loss of $8.9 million, or 90 cents per share, in 2018. Revenue of $30.4 million was up from $14.6 million last year. The FactSet consensus was for a loss of 54 cents per share and revenue of $25.2 million. Mohawk went public on June 12, closing at $10 after the first day of trading. Shares closed Thursday at $6.41, down nearly 36%. Mohawk stock has fallen 5.3% over the last month while the S&P 500 index SPX, -1.15% is down 1.4% for the period.
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