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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Interface: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

ATLANTA (AP) _ Interface Inc. (TILE) on Tuesday reported fourth-quarter earnings of $19.6 million.

On a per-share basis, the Atlanta-based company said it had net income of 33 cents. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.

The carpet tile company posted revenue of $276.9 million in the period.

For the year, the company reported a loss of $71.9 million, or $1.23 per share, swinging to a loss in the period. Revenue was reported as $1.1 billion.

Interface shares have risen 23% since the beginning of the year. The stock has decreased 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TILE at https://www.zacks.com/ap/TILE