Raymond James Downgrades HNI Corp (HNI) to Market Perform
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HNI Corp. (HNI) Cuts Q3, FY16 Guidance
September 19, 2016 4:33 PM EDTHNI Corporation (NYSE: HNI) announced that revenue and earnings for the third quarter and fiscal year 2016 are expected to be below the Corporation's previous outlook. Demand in the office furniture and hearth segments is expected to be lower than previously forecasted. Office furniture business sales will be lower than expected due to overall softer than anticipated demand, subdued small business confidence and lower than anticipated project activity. Hearth sales will be lower due to slower... More
