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Knowles: 1Q Earnings Snapshot

ITASCA, Ill. (AP) _ Knowles Corp. (KN) on Wednesday reported a loss of $2.7 million in its first quarter.

On a per-share basis, the Itasca, Illinois-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 13 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The maker acoustic components such as microphones posted revenue of $179.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $175.4 million.

For the current quarter ending in July, Knowles expects its per-share earnings to range from 17 cents to 21 cents.

The company said it expects revenue in the range of $185 million to $205 million for the fiscal second quarter.

Knowles shares have climbed 39 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.49, a rise of 68 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KN at https://www.zacks.com/ap/KN