Recap: Kimball Electronics Q2 Earnings
Portfolio Pulse from Benzinga Insights
Kimball Electronics (NASDAQ:KE) reported Q2 earnings with a 25.0% miss on estimated EPS, recording $0.33 versus the expected $0.44. Revenue also decreased by $15.46 million compared to the same period last year. Following a similar miss last quarter, KE's share price dropped by 13.03% the next day.
February 05, 2024 | 9:10 pm
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Kimball Electronics reported a significant miss in Q2 earnings with a 25.0% lower EPS than expected and a decrease in revenue compared to last year.
The significant miss in earnings and the historical context of how the stock reacted negatively to a similar situation last quarter suggest a likely short-term negative impact on KE's stock price. The decrease in revenue further compounds the negative outlook, indicating potential challenges in the company's financial performance.
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