Multi-Fineline Drops 6%: FYQ1 Gross Margin Declines on Production Curbs
Shares of contract electronics manufacturer Multi-Fineline Electronics (MFLX) are down $1.35, over 6%, at $19.94 in late trading after the company this afternoon announced revenue for the fiscal Q1 ended last month was higher than previously expected, at around $290 million, a 21% year-over-year rise in net sales, and topping consensus estimates for $270 million, [...]
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