Molex Has Routine Q1
Molex Inc’s (NASDAQ:MOLX) earnings for the first quarter of fiscal 2012 beat the Zacks Consensus by 5 cents, or 12.5%. Strong revenue growth, especially in the Data segment, a recovering Japanese business and a benign pricing environment helped results. Revenue Molex reported revenue of $936.0 million, which was up 2.4% sequentially and up 4.3% year [...]
Molex Inc’s (NASDAQ:MOLX) earnings for the first quarter of fiscal 2012 beat the Zacks Consensus by 5 cents, or 12.5%. Strong revenue growth, especially in the Data segment, a recovering Japanese business and a benign pricing environment helped results.
Revenue
Molex reported revenue of $936.0 million, which was up 2.4% sequentially and up 4.3% year over year, exceeding management expectations of $880-920 million, or down 4% to up 1% sequentially. Revenue also came in much higher than the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
