Mohawk Forecasts Upbeat Second Quarter
April 24, 2009 at 17:05 PM EDT
Mohawk Industries Inc. (NYSE: MHK) swung to a wider than expected loss for the first quarter of $1.55 per share compared with earnings of 95 cents per share last year as revenue fell but the floor covering products maker forecast second quarter results well ahead of estimates. The stock price leaped $11.18 to close at $49.00.
