Knowles Corporation (KN)
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- Motley Fool
Why Shares of Knowles Fell More Than 17% Today
Consumer discretionary spending is weak, and Knowles' exposure to consumer products (Apple is its largest customer, representing 16% of its sales in 2021) means it's inevitably a victim of the slowdown. Sales in the Audio segment (audio products, microphones, speakers for mobile, computing, and health markets) declined by a whopping 14.2% in the second quarter to $128.5 million. Management also announced a restructuring (to be complete by the fourth quarter) in the audio segment.
- Zacks
Knowles' (KN) Q2 Earnings Beat Estimates, Revenues Miss
Knowles (KN) beats second-quarter earnings estimates but misses on revenues due to weak demand for MEMS microphones.
- Zacks
Knowles (KN) Tops Q2 Earnings Estimates
Knowles (KN) delivered earnings and revenue surprises of 6.45% and 6%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
