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KN - Knowles Non-GAAP EPS of $0.23 beats by $0.01 revenue of $173M beats by $0.68M
Knowles Corporation
2023-08-02 16:28:14 ET
Knowles press release ( NYSE: KN ): Q2 Non-GAAP EPS of $0.23 beats by $0.01 .
Revenue of $173M (-8.0% Y/Y) beats by $0.68M .
We have reduced our revenue and earnings outlook for the second half of 2023 as we expect customer demand to remain soft in PD due to elevated inventory levels at our industrial and distribution customers and the timing of bookings in the defense market.