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Kimball Electronics Inc reports results for the quarter ended September 30 - Earnings Summary
Kimball Electronics Inc (KE) reported adjusted earnings of 49 cents per share for the quarter ended September 30, significantly beating the analyst consensus of 26 cents per share. Although revenue declined 2.3% year-over-year to $365.60 million, it still surpassed analysts’ expectations of $338.43 million. The company’s shares have shown strong performance, rising 1.7% this quarter and 62.2% year-to-date, with analysts maintaining a “buy” rating and a median price target of $29.50.