Molex Ready for its Quarterly Earnings Release

Published on Monday, 24 October 2011 14:28 Written by Christopher Lynn

New York, October 24th (TradersHuddle.com) - Shares of Molex Incorporated (NASDAQ:MOLX) are trading higher by +3.85% ahead of its quarterly earnings release. Molex, the electronic connectors and interconnect components maker is expected to release its quarterly results on October 25^th.

Wall Street Analysts consensus calls for a profit of $0.42 a share on $899.62 million revenue.

Molex estimates have a range of $0.03 a share. The high estimate calls for profit of $0.43 a share and the low estimate is calling for a profit of $0.4 a share, a year ago for the quarter the company reported $0.46 a share.

Molex Incorporated (NASDAQ:MOLX) manufactures electronic, electrical, and fiber optic interconnection products and systems, switches, value-added assemblies, and application tooling. The Company sells to original equipment manufacturers in industries that include automotive, computer, computer peripheral, business equipment, telecommunications, consumer products, and premise wiring.