Kornit Digital: Q1 Earnings Insights

Kornit Digital KRNT reported its Q1 earnings results on Wednesday, May 10, 2023 at 07:03 AM.

Here's what investors need to know about the announcement.

Earnings

Kornit Digital beat estimated earnings by 3.57%, reporting an EPS of $-0.27 versus an estimate of $-0.28.

Revenue was down $35.52 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.03 which was followed by a 9.52% drop in the share price the next day.

Here's a look at Kornit Digital's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.10 -0.15 -0.32 0.15
EPS Actual -0.13 -0.21 -0.31 0
Revenue Estimate 67.38M 68.52M 62.27M 87.81M
Revenue Actual 63.30M 66.79M 58.14M 83.29M

To track all earnings releases for Kornit Digital visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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