Knowles Q3 Adj EPS $0.31 Beats $0.28 Estimate, Sales $175.10M Miss $179.05M Estimate
Portfolio Pulse from totan@benzinga.com
Knowles Corporation (NYSE:KN) reported Q3 earnings of $0.31 per share, beating the analyst consensus estimate of $0.28 by 10.71%. This is a 24% increase from the same period last year. However, the company's quarterly sales of $175.10 million missed the analyst consensus estimate of $179.05 million by 2.21%, marking a 1.74% decrease from the same period last year.
November 02, 2023 | 8:04 pm
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Knowles Corporation's Q3 earnings beat estimates but sales missed, indicating mixed performance.
Knowles Corporation's earnings beat the estimates, which is a positive signal for investors and could potentially drive the stock price up. However, the company's sales missed the estimates, which is a negative signal and could potentially drive the stock price down. The mixed signals make the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100