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Kemet Up 10% on Upbeat Outlook

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Electronic components maker Kemet (KEM) - Get KEMET Corporation Report was up 10% in late morning, bouncing out of negative territory on the announcement that it expects record sales and earnings for the quarter that just ended. Kemet said the guidance affirms its earlier forecast. The company said it has seen some order cancellations but remains upbeat about long-term growth.

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