AVX Corporation (AVX) Releases Earnings Results, Beats Expectations By $0.01 EPS

AVX Corporation (AVX) reported quarterly earnings results on Wednesday, Jul-27-2016. 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 $0.01. Analysts had a consensus of $0.18. The company posted revenue of $314.82 million in the period, compared to analysts expectations of $310.80 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

AVX Corporation closed down -0.04 points or -0.29% at $13.67 with 1,87,322 shares getting traded on Thursday. Post opening the session at $13.68, the shares hit an intraday low of $13.52 and an intraday high of $13.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Investors should note that on Jul 21, 2016, AVX Corporation announced a cash dividend of $0.1050. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Aug 22, 2016.

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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