Revenue Update on Knowles Corp(NYSE:KN)

Knowles Corp(NYSE:KN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $190.30M. Analysts estimated a revenue of $189.88M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.11.

Knowles Corp (KN) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.88% at a volume of 10,56,560. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.68. The peak price level was also seen at $13.68 while the days lowest was $13.37. Finally the shares closed at $13.44. The 52-week high of the shares is $22.33 while the 52-week low is $9.68. According to the latest information available, the market cap of the company is $1,191 M.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2016, Jeffrey Niew (President & CEO) sold 4,467 shares at $11.15 per share price.Also, On Feb 19, 2016, Didier Hirsch (director) purchased 2,000 shares at $11.10 per share price.On Feb 19, 2016, Gordon A. Walker (President, Acoustics) purchased 9,000 shares at $10.87 per share price, according to the Form-4 filing with the securities and exchange commission.

Knowles Corporation (Knowles) is a supplier of micro-acoustic solutions and specialty components serving the mobile communications consumer electronics medical technology military aerospace and industrial markets. The Company operates micro-electro-mechanical systems (MEMS) microphones speakers and receivers which are used in smartphones tablets and mobile handsets. The Company’s segments include Mobile Consumer Electronics (MCE) and Specialty Components (SC). MCE includes analog and digital microphones MEMS microphones surface mounted device microphones multi-functional devices and integrated audio sub-systems among others. SC includes transducers oscillators capacitors and filters. The Company is also a manufacturer of transducers used in hearing aids and other medical devices and capacitor components which provide various types of communication. The Company’s wholly owned subsidiary Audience Inc. offers intelligent audio and signal processing solutions.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *