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.
Looking ahead to the third quarter, the company estimates revenue in a range of $715 million - $735 million with earnings in the range of $0.18 - $0.22 per share. Analysts currently anticipate the company to earn $0.19 per share on revenue of $691.38 million for the quarter.
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