KN - Knowles raises preliminary Q4 2020 results

Knowles ([[KN]] +0.1%) expects Q4 sales of ~$243M up from prior of $210-225M, driven by strong MEMS microphone demand and improving trends in hearing health.GAAP: Gross profit margin 36%-38% up from prior 35%-37% and EPS of $0.28-$0.32 up from $0.19-$0.25.Non GAAP: Gross profit margin 37%-39% up from prior 36%-38% and EPS of $0.36-$0.40 up from $0.27-$0.33.“I believe our strategy to invest in high value solutions for a diverse set of growing end markets will drive shareholder value in 2021 and beyond.” said Jeffrey Niew, President and CEO.

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Knowles raises preliminary Q4 2020 results