Herman Miller Beats Estimates, Hits 52-Week High (MLHR)

Shares of Herman Miller, Inc. MLHR are currently up 8% at $24.99 per share during Thursday afternoon trading. Herman Miller, Inc reported adjusted earnings of 29 cents per share on Thursday morning, which beat the consensus analyst estimate of 28 cents per share. Chief executive officer Brian Walker said, "Our results this quarter reflect improved order entry across virtually every area of our business. This marks the third consecutive quarter of sequential and year-over-year order growth, and represents our highest level of orders in over two years. While the health of the general economy remains a concern, renewed vitality in customer demand is the headline for our business. The investments we've made to expand our market reach, backed by a collaborative selling effort across our organization, are contributing to this success." Today's trading range for shares of Herman Miller, Inc. (MLHR) has been between $23.23 and a 52-week high of $24.99 per share. The consensus price target of analysts covering the company's stock is $24.00 per share. Volume of 900,000 shares is are already more than triple the daily average volume of 297,000 shares. Read more from Benzinga's Company news.