Knowles Q2 EPS $0.23 Beats $0.22 Estimate, Sales $173.00M Beat $172.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Knowles Corporation (NYSE:KN) reported Q2 earnings of $0.23 per share, beating the analyst consensus estimate of $0.22 by 4.55%. However, this is a 30.3% decrease from the same period last year. The company also reported quarterly sales of $173.00 million, beating the estimate of $172.32 million by 0.39%, but this is a 7.98% decrease from the same period last year.
August 04, 2023 | 12:23 pm
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NEUTRAL IMPACT
Knowles Corporation's Q2 earnings and sales beat estimates but showed a decrease from the same period last year. This mixed result could lead to uncertain market reactions.
While Knowles Corporation beat the estimates for Q2 earnings and sales, the fact that these figures are down from the same period last year could lead to mixed reactions from investors. This could result in an uncertain short-term impact on the company's stock.
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RELEVANCE 100