Herman Miller Shares Surge On Earnings Beat, Outlook

Herman Miller Inc. shares rallied in the extended session Wednesday after the furniture company's quarterly results and outlook both topped Wall Street estimates. Herman Miller shares surged 7% to $29.82. The company reported fiscal first-quarter earnings of 56 cents a share on revenue of $565.4 million. Analysts surveyed by FactSet had estimated 46 cents a share on revenue of $554.4 million. Herman Miller said it expects second-quarter earnings of 52 cents to 56 cents a share on revenue of $570 million to $590 million. Analysts estimate 51 cents a share on revenue of $573.6 million.