Merix Corporation (MERX) Maintains A Neutral Rating

Analysts at Longbow Research have maintained a Neutral rating for Merix Corporation (NASDAQ: MERX).

Merix Corporation reported a 2Q10 non-GAAP loss of $0.05, on sales and gross profit that met the company’s announcement last week. The results exceeded expectations of analysts at Longbow who had estimated a loss of $0.18. Analysts at Longbow have increased their 3Q10 EPS forecast to a loss of $0.04 and the FY10 EPS forecast to a loss of $0.38.

The company did not issue definitive 3Q10 guidance but suggested that the sales would increase modestly on anticipated strength in automotive and wireless communications, according to the report.