Knowles Expects Q4 Revenue From Continuing Operations To Be $140M -$150M
Portfolio Pulse from Benzinga Newsdesk
Knowles Corporation updates its Q3 2024 guidance due to the anticipated sale of its CMM business, with Q4 revenue from continuing operations expected to be $140M-$150M.
September 19, 2024 | 10:58 am
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Knowles Corporation is updating its Q3 2024 guidance due to the anticipated sale of its CMM business. The company expects Q4 revenue from continuing operations to be between $140M and $150M.
The update in guidance reflects a strategic shift with the sale of the CMM business, impacting how revenues are reported. The expected Q4 revenue range provides clarity on future financial performance, but the impact on stock price is neutral as the market may have anticipated this move.
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IMPORTANCE 80
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