Multi-Fineline Electronix (MFLX) announced after the bell Monday that it now expects first-quarter net sales of about $290 million, compared with its prior guidance range of $260 million to $280 million. Analysts currently estimate revenues of $270.23 million. Looking ahead to the second quarter, the company expects a seasonal decline in revenue.
Multi-Fineline Electronix gapped open sharply lower Tuesday and declined during the first 2 hours of trade. Shares finished with a loss of 4.87 at $16.42 on the highest volume of the year. The stock sank to a month and a half low and dropped below its 50-day moving average.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.