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Kemet’s Q3 results lower than expected

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The company now expects third quarter revenue to be approximately $217 million to $219 million, lower than the previous expectation range of $228 million to $238 million. Third quarter order-intake was up slightly over second quarter, and the company believes that its market share remains unchanged.The company now expects the third quarter consolidated gross margin as a percent of net sales to be in the 18% to 19% range, lower than the previous gross margin guidance as a percent of net sales range of 19% to 22%.

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