Molex Swings To 1Q Profit; Revenue Jumps 33%
October 26 2010 - 5:39PM
Dow Jones News
Molex Inc. (MOLX) said late Tuesday it swung to a fiscal
first-quarter profit of $75.1 million, or 43 cents a share, from a
net loss of $15.1 million, or 9 cents a share, in the same quarter
last year. Revenue for the electronics component maker rose 33% to
$897.7 million. Analysts polled by FactSet Research expected the
company to earn 44 cents a share on revenue of $867.1 million. The
Lisle, Ill., company's board of directors approved a 15% increase
in its quarterly cash dividend to 17.5 cents a share. Shares fell
3.3% to $21.80 after hours.
-By Ashley P. Lau; 415-439-6400; AskNewswires@dowjones.com
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