KEMET Corp. Q1 Profit Climbs 481%

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

The company said its bottom line climbed to $19.24 million, or $0.33 per share. This was higher than $3.31 million, or $0.06 per share, in last year's first quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 48.2% to $274.00 million. This was up from $184.94 million last year.

KEMET Corp. earnings at a glance:

-Earnings (Q1): $19.24 Mln. vs. $3.31 Mln. last year. -Earnings Growth (Y-o-Y): 481.3% -EPS (Q1): $0.33 vs. $0.06 last year. -EPS Growth (Y-o-Y): 450.0% -Analysts Estimate: $0.20 -Revenue (Q1): $274.00 Mln vs. $184.94 Mln last year. -Revenue Change (Y-o-Y): 48.2%