KEMET Corp. Q4 adjusted earnings Beat Estimates

(RTTNews) - KEMET Corp. (KEM) released a profit for its fourth quarter that advanced from last year.

The company's earnings totaled $93.42 million, or $1.58 per share. This compares with $2.28 million, or $0.04 per share, in last year's fourth quarter.

Excluding items, KEMET Corp. reported adjusted earnings of $62.15 million or $1.05 per share for the period.

Analysts had expected the company to earn $0.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.9% to $355.79 million from $318.09 million last year.

KEMET Corp. earnings at a glance:

-Earnings (Q4): $62.15 Mln. vs. $26.21 Mln. last year. -EPS (Q4): $1.05 vs. $0.44 last year. -Analysts Estimate: $0.89 -Revenue (Q4): $355.79 Mln vs. $318.09 Mln last year.

-Guidance: Next quarter revenue guidance: $338.0 - $348.0 Mln