KEMET Corp. Q3 Profit Climbs 168%

(RTTNews) - KEMET Corp. (KEM) released earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line rose to $5.81 million, or $0.11 per share. This was up from $2.17 million, or $0.04 per share, in last year's third quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.1% to $188.03 million. This was up from $177.18 million last year.

KEMET Corp. earnings at a glance:

-Earnings (Q3): $5.81 Mln. vs. $2.17 Mln. last year. -Earnings Growth (Y-o-Y): 167.7% -EPS (Q3): $0.11 vs. $0.04 last year. -EPS Growth (Y-o-Y): 175.0% -Analysts Estimate: $0.09 -Revenue (Q3): $188.03 Mln vs. $177.18 Mln last year. -Revenue Change (Y-o-Y): 6.1%