Knowles reports Q4 EPS 40c, consensus 33c
Reports Q4 revenue $215.5M, consensus $216.07M. The company said, "We delivered Q4 revenue of $216 million, with gross margin and EPS that were positively impacted by the settlement of a royalty dispute. In our Audio segment, sales were up sequentially driven by increased shipments to our largest customer and strong demand in our IoT end market. Sales into the China handset market were weaker than expected. In the Precision Devices segment, sales were consistent with expectations which excluded the timing device business that was divested during the quarter, and up 25% from the year ago period due to stronger demand for capacitor devices driven by our defense, medical, and industrial markets."