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Molex Q3 revenues top high-end guidance

By BFN News | 04:28 PM | Wednesday 28 April, 2010

Electronic components firm Molex posts third quarter net income of $23.8m compared with a loss of $58.6m last time. Revenue fof $756.3m exceeded the high end of the guidance provided on 26 January of $735m and increased 3.7% from the December 2009 quarter and 49.6% from the March 2009 quarter. The increase in local currency was 4.9% sequentially and 45.5% compared with the prior year. Orders for the quarter were $838m, an increase of 7.7% from the December 2009 quarter and 76.6% from the prior year quarter. Story provided by Business Financial Newswire

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