Qnity Electronics revenue rises 17.6% to $1.32 billion
Qnity Electronics delivered a strong first quarter, with revenue increasing 17.6% from a year ago to $1.32 billion.
The company’s earnings per share jumped 33.3% year over year to $1.08, outpacing the consensus estimate of 92 cents.
The strong results were driven by the company’s operating in the AI sector, with the management team raising its full-year guidance for the top and bottom lines above the quarterly results.
The company’s operating earnings before interest, taxes, depreciation, and amortization margins also came in better than forecast, making it a notable win for the company