AVX Corporation reported preliminary unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of $340,799,000 against $287,047,000 a year ago. Profit from operations was $50,941,000 against loss from operations of $2,673,000 a year ago. Income before income taxes was $52,346,000 against loss before income taxes of $592,000 a year ago. Net income was $35,519,000 against $5,374,000 a year ago. Diluted income per share was $0.21 against $0.03 a year ago.

For the nine months, the company reported net sales of $983,083,000 against $891,924,000 a year ago. Profit from operations was $118,479,000 against $83,748,000 a year ago. Income before income taxes was $127,678,000 against $88,839,000 a year ago. Net income was $91,928,000 against $68,870,000 a year ago. Diluted income per share was $0.55 against $0.41 a year ago.

For the fourth quarter, the company expects tax rate to be 28%.