KEMET Corp. Reports 280% Advance In Q2 Earnings

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

The company said its bottom line climbed to $26.47 million, or $0.45 per share. This was higher than $6.96 million, or $0.13 per share, in last year's second quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 60.9% to $301.47 million. This was up from $187.31 million last year.

KEMET Corp. earnings at a glance:

-Earnings (Q2): $26.47 Mln. vs. $6.96 Mln. last year. -Earnings Growth (Y-o-Y): 280.3% -EPS (Q2): $0.45 vs. $0.13 last year. -EPS Growth (Y-o-Y): 246.2% -Analysts Estimate: $0.45 -Revenue (Q2): $301.47 Mln vs. $187.31 Mln last year. -Revenue Change (Y-o-Y): 60.9%