MFLEX Anticipates Lower Q1 Earnings
Multi-Fineline Electronix has reported preliminary numbers for its fiscal 1Q 2013 in an official press release. Its net sales will amount to $290 million, or a 21% improvement from the same quarter the previous year. The former number is above the $260 million-$280 million range provided earlier by the firm.
Profitability is expected to come in lower than the existing guidance, however. The company said gross margin for 1Q 2013 will be roughly 8.5%, well below the 10%-12% it forecast at the end of last year.
Multi-Fineline Electronix will report a full set of results for the quarter on Feb. 7.
The article MFLEX Anticipates Lower Q1 Earnings originally appeared on Fool.com.Eric Volkman has no position in Multi-Fineline Electronix. The Motley Fool has no position in Multi-Fineline Electronix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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