Mohawk Industries Q2 Profit Up; EPS Tops Street; Stock Up

Mohawk Industries Inc. (MHK), a maker of floor covering products reported Thursday after the markets closed, a rise in profit for the second quarter, helped by a non-recurring tax benefit and lower restructuring charges, while revenues declined slightly during the period falling short of Street expectations. Quarterly adjusted earnings per share dropped from the year-ago period, but came in ahead of analysts’ estimates.