Revenue Update on Kimball Electronics Inc(NASDAQ:KE)

Kimball Electronics Inc(NASDAQ:KE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $220.40M. Analysts estimated a revenue of $219.89M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.21.

Kimball Electronics Inc (KE) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.24% at a volume of 24,781. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.3. The peak price level was also seen at $12.3 while the days lowest was $12.13. Finally the shares closed at $12.24. The 52-week high of the shares is $13.13 while the 52-week low is $9.15. According to the latest information available, the market cap of the company is $349 M.

Kimball Electronics Inc. (Kimball Electronics) is engaged in providing engineering manufacturing and supply chain services. The Company offers its services to customers in the automotive medical industrial and public safety end markets. The Company offers engineering manufacturing and supply chain services such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing which include testing of products under a series of different environmental conditions; assembly production and packaging of other related non-electronic products; supply chain services and product life cycle management. It produces safety critical electronic assemblies for the automotive market. It operates business units in the United States Mexico Poland China and Thailand.

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