LISLE, Ill. (AP) — Molex Inc., an electronic components and cables maker, said Tuesday its fiscal third-quarter net income fell 31 percent, hurt by hefty costs related to the settlement of a lawsuit.

The results fell short of Wall Street predictions and the company also issued lower-than-expected guidance for the current quarter. Molex shares fell more than 5 percent in afternoon trading while the broader markets were up.

For the quarter ended March 31, the Lisle, Ill.-based company reported net income of $44.8 million, or 25 cents per share, down from $64.9 million, or 36 cents per share, in the same quarter the year before.

Excluding costs related to the settlement of the lawsuit, the company posted an adjusted profit of about 33 cents per share.

Revenue rose 2 percent to $852.9 million from $837.1 million.

Analysts, on average, expected a profit of 36 cents per share on $917.5 million in revenue, according to FactSet.

For the current quarter, Molex projected a profit of between 33 cents and 37 cents per share on $870 million to $910 million in revenue. Analysts expect earnings of 41 cents per share on $958.9 million in revenue.

The company also said its board approved an increase of 9.1 percent in its quarterly dividend, to 24 cents from 22 cents. The dividend will be paid July 25 to shareholders of record June 28.

Molex shares fell 5.1 percent, or $1.41, to $26.06.


Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.




If you have any questions or concerns please email us on


  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.