Tuesday, Molex Inc. (MOLX) reported a first-quarter net loss of $11.6 million or $0.07 per share, compared to net income of $44.3 million or $0.25 per share in the same quarter last year.
On a non-GAAP basis, net income was $31.7 million or $0.18 per share, compared to net income of $60.0 million or $0.34 per share in the year ago quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter declined to $674.0 million from $839.0 million in the comparable quarter last year. Analysts expected the company to report revenue of $661.0 million for the quarter.
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