KEMET Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - KEMET Corp. (KEM) reported earnings for its third quarter that climbed from the same period last year.

The company's profit totaled $40.81 million, or $0.69 per share. This compares with $18.59 million, or $0.32 per share, in last year's third quarter.

Excluding items, KEMET Corp. reported adjusted earnings of $63.11 million or $1.07 per share for the period.

Analysts had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $350.18 million from $306.58 million last year.

KEMET Corp. earnings at a glance:

-Earnings (Q3): $63.11 Mln. vs. $30.55 Mln. last year. -EPS (Q3): $1.07 vs. $0.52 last year. -Analysts Estimate: $0.94 -Revenue (Q3): $350.18 Mln vs. $306.58 Mln last year.