NEW YORK AP – Floor coverings maker Mohawk Industries Inc. late Monday reported a third-quarter loss on a massive impairment charge, and issued fourth-quarter guidance far below Wall Street expectations.

For the three months ended in September, Mohawk recorded a loss of $1.39 billion, or $20.37 per share, compared with a profit of $122.1 million, or $1.78 per share, in the year-earlier quarter.