Knowles Q4 2023 Adj EPS $0.28 Misses $0.29 Estimate, Sales $215.20M Miss $215.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Knowles (NYSE:KN) reported Q4 2023 adjusted EPS of $0.28, missing the $0.29 estimate, and sales of $215.20M, slightly below the $215.22M estimate. This represents a 9.18% increase in sales compared to the same period last year.
February 07, 2024 | 9:53 pm
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NEGATIVE IMPACT
Knowles reported Q4 2023 adjusted EPS of $0.28, missing estimates by 3.45%, and sales of $215.20M, slightly below the $215.22M estimate.
Missing both EPS and sales estimates, even by small margins, can negatively impact investor sentiment and stock price in the short term. However, the 9.18% YOY sales increase may mitigate some negative perceptions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100