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Molex Q1 Results Bleak

Written by Margo Lakin
Friday, 03 October 2008
LISLE, IL– Molex has revised its revenue and earnings per share outlook for the September quarter. The company sites “reduced demand” from telecommunication and automotive markets for the change. In addition, business from industrial and consumer electronics customers has not met expectations due to the unstable global market. Molex cut the range of its fiscal Q1 revenue forecast of $860 million to $880 million down to $840 million to $845 million.

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