KEMET Corp. Q1 Profit Rises 402%

(RTTNews) - KEMET Corp. (KEM) released earnings for its first quarter that rose from last year.

The company said its bottom line totaled $3.31 million, or $0.06 per share. This was higher than $0.66 million, or $0.01 per share, in last year's first quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.4% to $184.94 million. This was down from $187.59 million last year.

KEMET Corp. earnings at a glance:

-Earnings (Q1): $3.31 Mln. vs. $0.66 Mln. last year. -Earnings Growth (Y-o-Y): 401.5% -EPS (Q1): $0.06 vs. $0.01 last year. -EPS Growth (Y-o-Y): 500% -Analysts Estimate: $0.05 -Revenue (Q1): $184.94 Mln vs. $187.59 Mln last year. -Revenue Change (Y-o-Y): -1.4%