By Connor Hart
Shares of Knowles climbed after the company swung to a profit in the second quarter, boosted by strong growth trends across several of its end markets.
The stock rose 8.8% to $20.30 on Friday, extending its 9.4% gain over the past year.
The specialty electronic-components manufacturer after Thursday's closing bell posted a profit of $7.8 million, or 9 cents a share, compared with a loss of $2 million, or 2 cents a share, a year earlier.
Adjusted per-share earnings came in at 24 cents a share, just ahead of the 23 cents a share that analysts polled by FactSet expected.
Revenue rose 7.9% to $145.9 million and topped the $139.8 million that Wall Street modeled.
Chief Executive Jeffrey Niew said that the company has benefited from strong growth trends in the medical-technology, defense and industrial markets, as well as from expanding its portfolio into differentiated products.
"I expect continued growth sequentially and year over year in the third quarter and throughout the remainder of 2025," he said.
For the current quarter, Knowles expects adjusted per-share earnings of 29 cents to 33 cents on revenue of $144 million to $154 million. Analysts had been expecting adjusted earnings of 30 cents a share on sales of $147.2 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
July 25, 2025 12:48 ET (16:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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