Molex Incorporated Second Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Molex Incorporated (NASDAQ:MOLX) will unveil its latest earnings on Wednesday, January 23, 2013. Molex manufactures electronic components, including switches, integrated products, and electrical and fiber optic interconnection products and systems.
Molex Incorporated Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 39 cents per share, a rise of 2.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 39 cents during the last month. Analysts are projecting profit to rise by 2.6% compared to last year’s $1.60.
Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported net income of 40 cents per share versus a mean estimate of profit of 40 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 0 cents.
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A Look Back: In the first quarter, profit fell 11.4% to $71.3 million (40 cents a share) from $80.5 million (46 cents a share) the year earlier, meeting analyst expectations. Revenue fell 2% to $916.9 million from $936 million.