Multi-Fineline (MFLX) -10.6% AH after stating it expects to report FQ1 (Dec. quarter) revenue of...

|About: Multi-Fineline Electronix, ... (MFLX)|By:, SA News Editor

Multi-Fineline (MFLX) -10.6% AH after stating it expects to report FQ1 (Dec. quarter) revenue of $290M, above a $270.2M consensus, but cautioning gross margin was hurt at the end of the quarter by production cuts and an unfavorable mix. Moreover, the circuit board maker expects GM to decline further in FQ2 thanks to lower revenue (expected - the consensus is at $239.7M), and has forecast "break-even or slightly negative net earnings" (not expected - the consensus is at $0.43). MFLX gets a large chunk of its sales from Apple (AAPL).