Revenue Update on Knowles Corp(NYSE:KN)

Knowles Corp(NYSE:KN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $240.600M. Analysts estimated a revenue of $236.040M. The revenues were 1.93% above the estimates. Earnings per share were $0.35. The reported EPS was above estimates by 9.37%. Analysts had estimated an EPS of $0.32.

Knowles Corp (KN) made into the market gainers list on Tuesdays trading session with the shares advancing 4.28% or 0.77 points. Due to strong positive momentum, the stock ended at $18.75, which is also near the day’s high of $19.34. The stock began the session at $17.97 and the volume stood at 31,42,409 shares. The 52-week high of the shares is $19.34 and the 52 week low is $9.68. The company has a current market capitalization of $1,664 M and it has 8,87,37,284 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 22, 2016, Keith Barnes (director) sold 3,485 shares at $16.05 per share price.Also, On Aug 1, 2016, Thomas G Jackson (Senior VP & General Counsel) sold 3,764 shares at $13.42 per share price.On Feb 22, 2016, Jeffrey Niew (President & CEO) sold 4,467 shares at $11.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Knowles Corporation (Knowles) is a supplier of micro-acoustic solutions and specialty components serving the mobile communications consumer electronics medical technology military aerospace and industrial markets. The Company operates micro-electro-mechanical systems (MEMS) microphones speakers and receivers which are used in smartphones tablets and mobile handsets. The Company’s segments include Mobile Consumer Electronics (MCE) and Specialty Components (SC). MCE includes analog and digital microphones MEMS microphones surface mounted device microphones multi-functional devices and integrated audio sub-systems among others. SC includes transducers oscillators capacitors and filters. The Company is also a manufacturer of transducers used in hearing aids and other medical devices and capacitor components which provide various types of communication. The Company’s wholly owned subsidiary Audience Inc. offers intelligent audio and signal processing solutions.

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