Multi-Fineline Electronix, Inc. (MFLX), a provider of flexible printed circuits and assemblies, said it expects net sales for the fourth quarter of calendar 2014 to be at the high end of its guidance range at about $209 million, compared to net sales of $211.7 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expect the company to report revenues of $195.70 million for the quarter. Analysts' estimates typically exclude special items.
The company projects gross margin for the fourth quarter to be above its guidance range at about 14 percent, compared to 1.2 percent for the same period in the prior year. As previously announced, the company has changed its year-end to December 31st.
Multi-Fineline Electronix expects to provide its complete financial results and business outlook in its earnings release and conference call on February 5, 2015.
Reza Meshgin, Chief Executive Officer of MFLEX, said, "Looking ahead to the March quarter, we expect a decline in net sales attributable to the seasonality of the mobility market. We expect the magnitude of the sequential decline to be somewhat lower than recent years given the expected continued demand for current programs."
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