MFLEX Sees Q1 Sales Of $239M vs $215.17M Est

Multi-Fineline Electronix, Inc. MFLX today announced better than expected preliminary financial results for the fiscal 2012 first quarter ended December 31, 2011. The Company expects to report fiscal first quarter net sales of approximately $239 million, relatively in-line with the same period of the prior year. Gross margin during the first quarter of fiscal 2012 is expected to be approximately 12.2 percent, compared to 14.3 percent for the same period in the prior year.