Kemet (KEM -9%) slides after its FQ1 misses Street consensus estimates earlier today. Revenue...


Kemet (KEM -9%) slides after its FQ1 misses Street consensus estimates earlier today. Revenue beat slightly, but bottom line results were hammered by higher operating and restructuring costs, and nearly a 23% decline in total revenue. Additionally, the company says it will be cutting 420 employees globally, representing 4% of its workforce, and take a $7M charge to the current quarter to cover severance expenses.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs