KEMET Corp. Q4 adjusted earnings Beat Estimates

(RTTNews) - KEMET Corp. (KEM) announced earnings for fourth quarter that declined from the same period last year.

The company's profit totaled $2.43 million, or $0.04 per share. This compares with $52.91 million, or $0.93 per share, in last year's fourth quarter.

Excluding items, KEMET Corp. reported adjusted earnings of $26.36 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 61.0% to $318.05 million from $197.52 million last year.

KEMET Corp. earnings at a glance:

-Earnings (Q4): $26.36 Mln. vs. $7.85 Mln. last year. -EPS (Q4): $0.45 vs. $0.14 last year. -Analysts Estimate: $0.41 -Revenue (Q4): $318.05 Mln vs. $197.52 Mln last year.