Benzinga | Aug 11, 2020 05:06PM EDT

Recap: Kornit Digital Q2 Earnings

Shares of Kornit Digital (NASDAQ:KRNT) rose 1.9% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 137.50% over the past year to ($0.03), which beat the estimate of ($0.07).

Revenue of $37,436,000 declined by 14.70% year over year, which beat the estimate of $33,180,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 11, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/29w7p65t

Technicals

52-week high: $57.64

Company's 52-week low was at $22.17

Price action over last quarter: Up 14.06%

Company Profile

Kornit Digital Ltd offers digital printing solutions for the printed textile industry. It manufactures and markets industrial and commercial printing solutions for the garment, apparel and fabric industry. The group's business is operated through United States, Europe and Asia Pacific with a wide network of distribution channels around the globe. The company's customers include custom decorators, online businesses, brand owners and contract printers and its majority of revenue is derived from the US division.