Tue, Oct 21, 2014, 10:35 AM EDT - U.S. Markets close in 5 hrs 25 mins


% | $
Quotes you view appear here for quick access.

Multi-Fineline Electronix, Inc. Message Board

  • alphamontana11 alphamontana11 Feb 7, 2013 8:52 AM Flag

    Just 2 weeks ago..

    What changed in 2 weeks where they went from claiming 2q 'break even earnings' to now saying negative gross margins??

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • here's what happen.

      Cirrus Logic (CRUS -2.4%) slumps after fellow Apple (AAPL +0.6%) suppliers TriQuint and Multi-Fineline issue light guidance. Multi-Fineline (MFLX +0.9%), which apparently received 84% of its FQ1 (calendar Q4) sales from Apple, expects FQ2 revenue of $180M-$200M, below a $218.2M consensus. Moreover, gross margin is expected to be "slightly negative," as the circuit board maker works to pare inventory - shares have already priced in a lot of bad news. Apple continues to outperform with some help from David Einhorn.
      This Market Current was sent to 2,779 people who get email alerts on CRUS.
      Get email alerts on CRUS »
      Share this Market Current
      Short URL: 0

      Track new comments on this story This news story has 2 comments:

      berniespearComments (99)

9.09+0.13(+1.45%)10:28 AMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.