Knowles (KN) Misses Q1 EPS by 16c, Revenue Beats, Offers Outlook
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Knowles (NYSE: KN) reported Q1 EPS of ($0.05), $0.16 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $193.7 million versus the consensus estimate of $191.79 million.
econd Quarter 2017 Outlook
The forward looking guidance for the quarter ending June 30, 2017 on a continuing operations basis is as follows:
| GAAP | Adjustments | Non-GAAP | ||||||||
| Revenue | $180 to $200 million | - | $180 to $200 million | |||||||
| Gross Profit Margin | 35.5 to 37.5% | 2% | 37.5 to 39.5% | |||||||
| EPS | $(0.05) to $0.01 | $0.13 | $0.08 to $0.14 |
Q2 2017 GAAP results for continuing operations are expected to include approximately $0.07 per share in stock-based compensation, $0.03 per share in amortization of intangibles, and $0.03 per share in production transfer costs. Expected Q2 2017 GAAP results exclude potential restructuring items.
For earnings history and earnings-related data on Knowles (KN) click here.
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