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

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).
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Comments (2)
  • dascrub
    , contributor
    Comments (2) | Send Message
     
    1st!. good for aapl i guess
    15 Jan 2013, 05:02 AM Reply Like
  • Applocrat
    , contributor
    Comments (965) | Send Message
     
    If only some suppliers are complaining, and not others, it suggests a supplier shift to me... that and they have been deliberately over buying.
    15 Jan 2013, 12:11 PM Reply Like
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