Molex Earnings: Everything You Must Know Now

Molex Inc. (NASDAQ:MOLX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Molex Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 21.95% to $0.32 in the quarter versus EPS of $0.41 in the year-earlier quarter.

Revenue: Rose 2.84% to $882.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Molex Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company missed the mean analyst estimate of $0.35. It missed the average revenue estimate of $888.02 million.

Quoting Management: “Revenue in all end markets grew sequentially, except for the mobile devices market which remained weak throughout the quarter. We expect tablet and mobile phone production to increase during the September quarter as our customers roll-out new products in time for the holidays,” stated Martin P. Slark, Chief Executive Officer. “We are also encouraged by an improving order rate in most end markets, signaling better growth in the second half of the year.”

Key Stats (on next page)…

Revenue increased 3.52% from $852.86 million in the previous quarter. EPS decreased 3.03% from $0.33 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.41 to a profit $0.40. For the current year, the average estimate has moved up from a profit of $1.46 to a profit of $1.47 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)