30.01.2014 17:39:57
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KEMET Q3 Loss Narrows
(RTTNews) - KEMET Corp. (KEM) Thursday said third-quarter loss narrowed to $5.82 million or $0.13 per share from $14.26 million or $0.32 per share in the same period last year.
Adjusted earnings for the quarter were $0.9 million or $0.02 per share. On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Sales increased 4.9 percent to $207.3 million from $197.7 million last year. Analysts expected sales of $213.23 million.
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