Molex Posts 3Q Loss On Lower Revenue

LISLE, Ill. (AP) — Electronics parts company Molex Inc. posted a fiscal third-quarter loss Tuesday as revenue dropped sharply amid the economic turmoil. But the company said orders improved each month during the quarter and have continued to rise in April, sending shares soaring more than 18 percent in after-hours trading.

For the three months ended March 31, the company posted a loss of $58.6 million, or 34 cents per share, compared with profit of $50.3 million, or 28 cents per share, in the same period a year earlier. The latest quarter's results included restructuring charges of 20 cents per share.

Revenue fell 39 percent to $505.5 million from $822.3 million. ...