Multi-Fineline Cuts Q3 Revenues View of $191M vs Previous Guidance of $200-220M

Multi-Fineline Electronix, Inc. MFLX today updated its business outlook for the third quarter of fiscal 2011 ended June 30, 2011. The Company expects net sales in the third quarter to be approximately $191 million and gross margin to be approximately 12 percent. This compares to guidance issued on May 5, 2011 that projected third quarter net sales of $200 to $220 million and gross margin of 12 to 13 percent.