Kornit Digital hits near 2-year low on revenue miss

Kornit Digital

11/05/2022 18:30

** Shares of Israel-based textile printer maker  KRNT.O  hit
near two-year low, down 31.9% at $38.32
    ** Co's Q1 revenue of $83.3 mln misses analysts' estimates
of $91.3 mln - Refinitiv 
    ** Sees Q2 revenue of $85 mln to $95 mln, below estimates of
$104.3 mln 
    ** KRNT among the bottom performers on the Nasdaq Composite
index 
    ** As of last close, KRNT down ~75% YTD 

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))