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Mohawk lowers second-quarter outlook on weaker sales

marketwatch.com » 2008 » July » 8th » Mohawk lowers second-quarter outlook on weaker sales

SAN FRANCISCO (MarketWatch) -- Mohawk Industries Inc. said late Tuesday it lowered its second-quarter profit guidance range to between $1.23 and $1.26 a share. Previously, the company had a forecast of $1.36 to $1.45 a share. The lower guidance comes from lower than anticipated sales and margins for the period because of a continuing decline in the U.S. residential market, the flooring supplier … Continue Reading »

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