Knowles Q3 2024 Adj. EPS $0.26, Inline, Sales $142.500M Miss $159.475M Estimate
Portfolio Pulse from Benzinga Newsdesk
Knowles Corporation reported Q3 2024 earnings per share of $0.26, meeting analyst expectations. However, the company's sales of $142.5 million fell short of the $159.475 million estimate, marking an 18.62% decline from the previous year.
October 24, 2024 | 8:13 pm
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NEGATIVE IMPACT
Knowles Corporation's Q3 2024 earnings per share met expectations, but sales missed estimates by 10.64%, showing a significant year-over-year decline.
The earnings per share meeting expectations is neutral, but the significant miss in sales and year-over-year decline is likely to put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100