AVX Corporation (AVX) Releases Earnings Results, Beats Expectations By $0.03 EPS

AVX Corporation (AVX) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.16. The company posted revenue of $303.61 million in the period, compared to analysts expectations of $296.00 million. The company’s revenue was down -3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

AVX Corporation opened for trading at $12.46 and hit $12.59 on the upside on Friday, eventually ending the session at $12.47, with a gain of 0.40% or 0.05 points. The heightened volatility saw the trading volume jump to 1,12,065 shares. Company has a market cap of $2,090 M.

In a different news, on Aug 4, 2015, Kurt P Cummings (VP CFO Treasurer and Corporate) sold 18,000 shares at $13.35 per share price. According to the SEC, on May 6, 2015, Peter Venuto (Vice President of Sales) sold 2,766 shares at $13.30 per share price.

AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components interconnect devices and related products. AVX operates in three segments: Passive Components Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists primarily of surface mount and leaded ceramic capacitors radio frequency (RF) thick and thin film components surface mount and leaded tantalum capacitors surface mount and leaded film capacitors ceramic and film power capacitors among others. The KED Resale segment consists primarily of ceramic capacitors frequency control devices surface acoustic wave (SAW) devices sensor products RF modules actuators acoustic devices and connectors produced by Kyocera Corporation and resold by AVX. The Interconnect segment consists primarily of AVX Interconnect automotive telecom and memory connectors manufactured by or for AVX.

AVX Corporation

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