Kimball Electronics Q3 2024 Adj EPS $0.34 Misses $0.40 Estimate, Sales $425.036M Miss $440.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimball Electronics (NASDAQ:KE) reported Q3 2024 earnings of $0.34 per share, missing the $0.40 estimate, and sales of $425.036M, below the $440.200M estimate. This represents a 47.69% decrease in earnings and a 12.31% decrease in sales from the same period last year.
May 07, 2024 | 10:06 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Kimball Electronics reported lower than expected Q3 2024 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates significantly, especially with such a large year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100