Knowles Q1 2024 Adj EPS $0.20 Beats $0.18 Estimate, Sales $196.400M Beat $195.225M Estimate
Portfolio Pulse from Benzinga Newsdesk
Knowles (NYSE:KN) reported Q1 2024 adjusted EPS of $0.20, surpassing the $0.18 estimate, and sales of $196.4M, exceeding the $195.225M forecast. This represents a 300% increase in EPS and a 36.11% increase in sales from the same period last year.
May 01, 2024 | 8:11 pm
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Knowles reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $0.20 vs. $0.18 expected and sales of $196.4M vs. $195.225M expected.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, indicates strong operational performance and market confidence. This is likely to positively influence investor sentiment and potentially lead to a short-term uptick in KN's stock price.
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IMPORTANCE 90
RELEVANCE 100