MLHR .. my second earnings play not for subscribers and my last one today.
MLHR.. broke through resistance today as well. Volume indicators showed it was under accumulation already on Friday. Price was under support of 21 1/2 but has now broken through resistance of 22 3/4.. It has been a past analyst favorite, solid performer. And save for one quarter it has consistantly beat estimates.
MLHR following its last earnings report:
Date Open High Low Close Volume
06/30/98 23.812 25.187 23.812 24.312 1,033,700
07/01/98 26.500 27.625 25.500 27.500 1,702,300
07/02/98 28.000 30.437 27.875 29.250 1,616,800
) 6/30/98 - HERMAN MILLER, INC., ANNOUNCES RECORD SALES, ORDERS, AND NET INCOME ZEELAND, Mich., June 30 /PRNewswire/ -- Herman Miller, Inc. (Nasdaq: MLHR), today reported net sales for its fourth quarter ended May 30, 1998, increased 13.1 percent to $465.3 million compared with $411.2 million one year ago. Net sales were a new record for the three-month period. New orders increased by 11.3 percent to $460.8 million from $414.1 million in the fourth quarter of last year. Net sales of $1.72 billion and new orders of $1.75 billion were recorded for the fiscal year ended May 30, 1998. This represented an increase of 14.9 percent for net sales and 13.2 percent for new orders. Net sales and new orders were the highest ever recorded in the company's history for a fiscal year. |
