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Why Interface Stock Rose Today

Why Interface Stock Rose Today

Revenue in the second quarter was $260 million, beating the consensus estimate of $251.7 million. "During the second quarter, Interface managed through significant headwinds related to the global pandemic and resulting economic fallout by significantly reducing expenses and increasing our financial flexibility," CEO Dan Hendrix said in a statement. Interface is working to bolster its liquidity to weather the coronavirus crisis and recently amended a credit facility to provide more flexibility around covenants through the first quarter of 2022.