Multi-Fineline Cuts Q3 Revenues View of $191M vs Previous Guidance of $200-220M
Multi-Fineline Electronix, Inc. (NASDAQ: MFLX) today updated its business outlook for the third quarter of fiscal 2011 ended June 30, 2011.
The Company expects net sales in the third quarter to be approximately $191 million and gross margin to be approximately 12 percent. This compares to guidance issued on May 5, 2011 that projected third quarter net sales of $200 to $220 million and gross margin of 12 to 13 percent.
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