MillerKnoll, Inc. (NASDAQ:MLKN) shares are trading lower on Wednesday. The company reported first-quarter financial results on Tuesday after the market closed.
What To Know: MillerKnoll reported adjusted earnings of 45 cents per share, beating the consensus estimate of 34 cents. Sales were $955.7 million, topping the $910.96 million estimate.
Net sales rose 8.2% year-over-year to $961.8 million, while orders increased 11.1% to $1.04 billion. Gross margin fell 40 basis points due …