NEW YORK (TheStreet) -- Shares of Interface (TILE) - Get Report are down 13.59% to $15.03 Thursday afternoon, after the consumer goods and services company reported its 2015 fourth quarter earnings following the close of trading Wednesday afternoon.
The company's latest financial results missed Wall Street's estimates, with earnings growing but revenue declining year over year.
Interface posted earnings of 28 cents per share on revenue of $246.6 million for the most recent quarter. Last year, the company's EPS came in at 24 cents per share on revenue of $272.1 million.
Analysts were expecting the company to report earnings of 29 cents per share on revenue of $261.9 million.
Despite the year over year decline the company is pleased with its "continued gross margin expansion, which more than offset a softer top line versus a strong comparable figure in the prior year period. In local currencies, our Europe division continued its recovery, posting 7% growth versus the fourth quarter last year, while our Americas and Asia-Pacific divisions saw single digit percentage declines," company CEO Daniel T. Hendrix said in a statement.
Separately, TheStreet Ratings has set a "buy" rating and a score of B- on Interface stock. This is driven by several positive factors, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, TheStreet Ratings feels they are unlikely to have a significant impact on results.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TILE