Kimball Electronics Q2 Adj EPS $0.33 Misses $0.44 Estimate, Sales $421.24M Miss $435.67M Estimate
Portfolio Pulse from totan@benzinga.com
Kimball Electronics (NASDAQ:KE) reported Q2 adjusted EPS of $0.33, missing the $0.44 estimate, and sales of $421.24M, missing the $435.67M estimate. This represents a 25% decrease in EPS and a 3.54% decrease in sales from the same period last year.
February 05, 2024 | 9:07 pm
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Kimball Electronics reported a significant miss in both EPS and sales for Q2, with a 25% decrease in EPS and a 3.54% decrease in sales year-over-year.
Missing both EPS and sales estimates significantly, especially with a 25% decrease in EPS year-over-year, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100