By midafternoon, shares had added 9.9% to $18.49.
The furniture and textile manufacturer reported quarterly net income of 18 cents a share, a nickel higher than analysts surveyed by Thomson Reuters forecast.
Revenue of $229.33 million beat expectations of $219.20 million.
TheStreet Ratings team rates KNOLL INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate KNOLL INC (KNL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins."
- You can view the full analysis from the report here: KNL Ratings Report