Kemet Q4 Loss Narrows

(RTTNews) - Kemet Corp. (KEM) Thursday reported forth-quarter net loss of $15.2 million or $0.34 per share, smaller than a loss of $25.2 million or $0.56 per share last year. On an adjusted basis, the company reported net income that improved to $0.4 million or $0.01 per share for the quarter. The company's net loss from continuing operations was $15.2 million, or $0.34 loss per share versus a loss of $23.7 million or $0.53 per share in the prior-year quarter. On average, 3 analysts polled by Thomson Reuters expected the company to report breakeven earnings per share for the quarter. Analysts' estimates typically exclude one-time items. For the quarter, net sales increased 8.2 percent to $215.8 million from $199.5 million last year. Analysts estimated revenues of $207.07 million for the quarter.