Kimball Electronics Beats Earnings, Despite Slow Growth

Kimball Electronics exceeded Wall Street's expectations with Q3 earnings of $365.6 million, a 2.3% decrease from last year. Despite the dip, the company's non-GAAP profit of $0.49 per share outperformed estimates by 80%. The stock surged 1.9% post-earnings, reflecting investor optimism. While long-term revenue growth has been modest, the company's strong profit margins and Q3 performance bode well for navigating the electronics manufacturing landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.