Knowles Corporation (NYSE:KN) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.24 per share.
For the full year, analysts predict revenues of $ 729.98 million, while looking forward to income of $ 0.55 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.17 ~ $ 0.23 per share, while revenues are expected in a range of $ 206.00 million ~ $ 206.00 million
Click Here For More Historical Outlooks Of Knowles Corporation
Previous Quarter Performance
Knowles Corporation disclosed loss for the second quarter of $ 0.01 per share, from the revenue of $ 152.20 million. The quarterly revenues declined 25.83 percent compared with the same quarter last year. According to street consensus, KN was expected to report 2Q20 income of $ 0.01 per share from revenue of $ 146.61 million. The bottom line results missed street analysts by $ 0.02 or 200 percent, at the same time, top line results outshined analysts by $ 5.59 million or 3.81 percent.
Stock Performance
Shares of Knowles Corporation traded low $ -0.63 or -3.99 percent on Wednesday, reaching $ 15.14 with volume of 811.30 thousand shares. Knowles Corporation has traded high as $ 15.62 and has cracked $ 15.09 on the downward trend
According to the previous trading day, closing price of $ 15.14, representing a 42.07 % increase from the 52 week low of $ 11.10 and a 30.8 % decrease over the 52 week high of $ 22.79.
The company has a market capital of $ 1.39 billion and is part of the Technology sector and Communication Equipment industry.
Conference Call
Knowles Corporation will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.knowles.com
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.
