Interface Shares Tumble Despite Record Quarter

New York, NY, April 25, 2008—Despite a record first quarter, shares of Interface Inc. fell Thursday after the Atlanta firm posted first-quarter earnings below Wall Street expectations.

Interface reported net earnings for the quarter of $14.1 million, or 23 cents a share, below the mean 25-cent estimate of analysts.

Revenue for the quarter ended March 30 rose to $261.7 million from $243.5 million a year earlier, but was below the mean analyst view of $271.2 million.

(Be sure to listen to today's interview with President and CEO Daniel Hendrix.)