Shares of Molex (MOLX -3.2%) slide after missing on its FQ1 top line earlier today. Net revenue...

|About: Molex Incorporated (MOLX)|By:, SA News Editor

Shares of Molex (MOLX -3.2%) slide after missing on its FQ1 top line earlier today. Net revenue declined 2% Y/Y For Q2, as its bottom line was impacted by start-up costs and product mix changes related to new programs launched in the quarter. The company also guided its current quarter lower, now expecting an EPS of $0.36 - $0.40, below the consensus of $0.42. It projects revenues to be $930M - $970M, in line with the Street view of $940.8M.

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