Multi-Fineline Electronix (MFLX) Releases Earnings Results, Misses Expectations By $-0.29 EPS

Multi-Fineline Electronix (MFLX) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.29. Analysts had a consensus of $0.00. The company posted revenue of $101.20 million in the period, compared to analysts expectations of $118.58 million. The company’s revenue was down -32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Multi-Fineline Electronix closed down -0.08 points or -0.35% at $22.98 with 70,918 shares getting traded on Wednesday. Post opening the session at $22.94, the shares hit an intraday low of $22.83 and an intraday high of $23.09 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 14, 2015, Thomas Lee (EVP Business Development) sold 8,743 shares at $24.25 per share price. According to the SEC, on May 14, 2015, Thomas Liguori (EVP & CFO) sold 55,351 shares at $23.70 per share price.

Multi-Fineline Electronix Inc. is a producer of flexible printed circuits and flexible circuit assemblies. With facilities in Irvine California; Suzhou China; Korea; Taiwan and Singapore the Company offers a global service and support base for the sale design and manufacture of flexible interconnect solutions. The Company is a global provider of flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company provides its solutions to original equipment manufacturers (OEMs) and to electronic manufacturing services (EMS) providers. The Company offers products in a range of sectors including smartphones tablets computer/data storage portable bar code scanners personal computers wearables and other consumer electronic devices.

Multi-Fineline Electronix

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