Why Herman Miller Stock Just Crashed 12.5% After Beating Earnings
Office furniture maker Herman Miller (NASDAQ: MLHR) crushed earnings estimates in its fiscal second-quarter 2021 report yesterday evening, reporting $0.89 per share pro forma on $626.3 million in sales, where Wall Street had expected it to earn only $0.56 on $585.5 million in sales. You'd think that would be good news. You'd think investors would bid Herman Miller stock up in response to it.
But Herman Miller stock is going down, falling 12.5% through 10:25 a.m. EST.
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Source Fool.com
