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Shares of Knowles Corp(NYSE: KN) were down 18.7% as of 2 p.m. EST Wednesday after the electronic component manufacturing company announced disappointing fourth-quarter 2019 results.
More specifically, Knowles' quarterly revenue climbed 5% year over year to $233.9 million, translating to a 5% decline in adjusted earnings to $0.35 per share. Analysts, on average, were anticipating higher earnings of $0.40 per share on revenue closer to $237.6 million.