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Knowles: 2Q Earnings Snapshot

ITASCA, Ill. (AP) _ Knowles Corp. (KN) on Wednesday reported second-quarter earnings of $5.9 million.

On a per-share basis, the Itasca, Illinois-based company said it had net income of 6 cents. Earnings, adjusted for one-time gains and costs, were 22 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The maker acoustic components such as microphones posted revenue of $205.2 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $194.8 million.

For the current quarter ending in October, Knowles expects its per-share earnings to range from 35 cents to 41 cents.

The company said it expects revenue in the range of $225 million to $245 million for the fiscal third quarter.

Knowles shares have risen 37% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.20, an increase of 16% 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