Tuesday, Molex Inc. (MOLX, MOLXA) second-quarter net income of $19.3 million or $0.11 per share, compared to a net loss of $87.2 million or $0.50 per share in the same quarter last year.
On a non-GAAP basis, net income was $41.4 million or $0.24 per share, compared to net income of $35.6 million or $0.20 per share in the year ago quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $729.6 million, up from $666.7 million in the comparable quarter last year. Analysts expected the company to report revenue of $709.23 million for the quarter.
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