KEMET Corp. Profit Climbs 63% In Q2

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

The company said its bottom line rose to $6.96 million, or $0.13 per share. This was up from $4.27 million, or $0.09 per share, in last year's second quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.6% to $187.31 million. This was up from $186.12 million last year.

KEMET Corp. earnings at a glance:

-Earnings (Q2): $6.96 Mln. vs. $4.27 Mln. last year. -Earnings Growth (Y-o-Y): 63.0% -EPS (Q2): $0.13 vs. $0.09 last year. -EPS Growth (Y-o-Y): 44.4% -Analysts Estimate: $0.06 -Revenue (Q2): $187.31 Mln vs. $186.12 Mln last year. -Revenue Change (Y-o-Y): 0.6%