Qnity Electronics, IncQ
▼ NegativeCapitalrelevance
Q2 profit declined year-over-year despite revenue growth, and guidance was issued.
Impact on stocks 1
Semiconductors
Qnity Electronics, IncQnity Electronics, Inc. reported a decline in second-quarter profit. Earnings totaled $124 million, or $0.59 per share, compared with $188 million, or $0.90 per share, in the same period last year. Excluding items, adjusted earnings were $250 million, or $1.19 per share. Revenue rose 22.1% to $1.429 billion from $1.170 billion a year ago. The company issued full-year earnings per share guidance of $4.40 to $4.60 and full-year revenue guidance of $5.55 billion to $5.65 billion.
Qnity Electronics, IncQ2 profit declined year-over-year despite revenue growth, and guidance was issued.