Knowles Updates Q3 Guidance To Reflect Anticipated Sale Of CMM Business; Now Sees Revenues From Cont Ops Of $139M - $143M, Adj EPS From Cont Ops Of $0.24 - $0.28
Portfolio Pulse from Benzinga Newsdesk
Knowles Corporation has updated its Q3 guidance to reflect the anticipated sale of its CMM business. The company now expects revenues from continuing operations to be between $139 million and $143 million, with adjusted EPS from continuing operations ranging from $0.24 to $0.28.
September 19, 2024 | 11:01 am
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Knowles Corporation has revised its Q3 guidance due to the expected sale of its CMM business. The company projects revenues from continuing operations to be $139M-$143M and adjusted EPS to be $0.24-$0.28.
The update in guidance suggests a positive outlook for Knowles' continuing operations, likely due to the anticipated sale of the CMM business. This could lead to a short-term positive impact on the stock price as investors may view the guidance as a sign of improved financial health.
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