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AVX Corporation Announces Preliminary First Quarter Results.

Publication: Business Wire
Publication Date: 28-JUL-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: AVX Corporation Announces Preliminary First Quarter Results.(Financial report)

Article Excerpt
MYRTLE BEACH, S.C. -- AVX Corporation (NYSE: AVX) AVX today reported preliminary unaudited results for the first quarter ended June 30, 2009.

Highlights:

* Revenue for the June 2009 quarter increased 7.4% from the previous quarter to $292.0 million.

* Gross Profit margin excluding special charges improved to 18.8% in the current quarter compared to 17.1% in the previous quarter and 16.0% in the same quarter last year.

* Non-GAAP net income of $25.4 million, or $0.15 per share, for the June 2009 quarter.

* Dividends of $6.8 million, or $0.04 per share, were paid during the first quarter of fiscal 2010.

* Cash and investments in securities increased $50.4 million from March 31, 2009 to $812.9 million with no debt...

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