Stock Track | Kornit Digital Soars 11% Pre-Market on Upbeat Q3 Earnings

Stock Track11-06

Shares of Kornit Digital Ltd. (NASDAQ:KRNT) surged nearly 11% in pre-market trading on Monday after the Israeli digital printing company reported better-than-expected earnings for the third quarter of 2024.

Kornit posted adjusted earnings per share of $0.11 for the September quarter, beating Wall Street's consensus estimate of $0.07 by a wide margin. The company's revenue of $50.732 million also edged past analysts' expectations of $50.468 million, despite marking a 14.34% decline compared to the same period last year.

The robust earnings figures appear to have outweighed concerns over Kornit's year-over-year revenue contraction. Analysts suggest the upbeat profit numbers reflect the company's ongoing efforts to improve operational efficiency and margins amid challenging macroeconomic conditions.

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(NASDAQ:KRNT) surged nearly 11% in pre-market trading on Monday after the Israeli digital printing company reported better-than-expected earnings for the third quarter of...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KRNT","symbol_name":"Kornit Digital Ltd.","start_time":0,"source_url":"","article_id":"1157108107","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157108107","pubTimestamp":1730898861,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Kornit Digital Ltd.  surged nearly 11% in pre-market trading on Monday after the Israeli digital printing company reported better-than-expected earnings for the third quarter of 2024.Kornit posted adjusted earnings per share of $0.11 for the September quarter, beating Wall Street's consensus estimate of $0.07 by a wide margin. 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