On Monday Key Tronic Corporation (NASDAQ: KTCC) has shown downward move of -1.98 percent and ended the last trade at $7.43. The trading volume was recorded to 7,859 shares as compared to average traded volume of 12,453 shares.
Key Tronic Corporation (KTCC), a provider of electronic manufacturing services (EMS), recently reported its results for the quarter ended March 31, 2018.
For the third quarter of fiscal year 2018, Key Tronic stated total revenue of $108.4M, contrast to $113.6M in the same period of fiscal year 2017. For the first nine months of fiscal year 2018, total revenue was $329.3M, contrast to $349.3M in the same period of fiscal year 2017.
For the third quarter of fiscal year 2018, the Company had net income of about $0.6M or $0.06 per share, contrast to net income of $1.0M or $0.09 per share for the third quarter of fiscal year 2017. As predictable, the results for the third quarter of fiscal year 2018 include expenses in connection with a binding arbitration hearing and severance expenses related to streamlining the company’s facilities in Mexico, totaling $0.10 per diluted share. For the first nine months of fiscal year 2018, net income was $0.9M or $0.08 per share, contrast to net income of $4.3M or $0.39 per share for the same period of fiscal year 2017.
For the third quarter of fiscal year 2018, gross margin was 7.5% and operating margin was 0.7%, contrast to 8.0% and 1.6%, respectively, in the same period of fiscal 2017.
For the fourth quarter of fiscal year 2018, the Company expects to report revenue in the range of $112M to $117M, and earnings in the range of $0.11 to $0.16 per diluted share. These predictable results assume an effective tax rate of 20% in the quarter.
The corporation holds 10.71M outstanding shares and its 10.05M shares were floated in the market. The stock established a negative trend of -4.62 percent in last week and indicated fall of -12.49 percent in previous month. (KTCC) price volatility for a month noted as 2.27 percent however its price volatility for a week documented as 1.85 percent.