Knowles Posts Loss In Q1 - Quick Facts

(RTTNews) - Knowles Corporation (KN) reported a first-quarter net loss of $15.8 million or $0.19 per share, compared to net income of $7.6 million or $0.09 per share, prior year. Adjusted earnings per share was $0.06, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.03 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $238.6 million from $273.4 million last year. Analysts expected revenue of $234.10 million for the quarter.

For second-quarter, the company expects: revenue of $240 million to $260 million; and Non-GAAP EPS of $0.03 to $0.09. Analysts expect the company to report second-quarter earnings per share of $0.19 on revenue of $259.37 million.