AVX Corporation Announces Preliminary First Quarter Results

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Go back to AVX Corporation Announces Preliminary First Quarter Results

AVX Corp. (AVX) Reports In-Line Q1 EPS, Revenues Beat

July 26, 2019 8:30 AM EDT

AVX Corp. (NYSE: AVX) reported Q1 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $454.12 million versus the consensus estimate of $432.3 million.

Chief Executive Officer and President, John Sarvis, stated, We completed the first quarter of our fiscal year with net sales of $401.8 million, down 8.5% compared to the previous quarter and down 11.5% from the same quarter last year reflecting extended inventory levels in the... More