Multi-Fineline Electronix, Inc. (MFLX) Posts Q2 Loss of $1/Share; Issues Light Q3 Revs Outlook

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Go back to Multi-Fineline Electronix, Inc. (MFLX) Posts Q2 Loss of $1/Share; Issues Light Q3 Revs Outlook

Multi-Fineline (MFLX) PT, Estimates Cut at Needham & Company on Weak Q2, Q3 Guide

May 2, 2014 7:07 AM EDT

Needham & Company analyst Richard Kugele lowered estimates and its price target on Buy-rated Multi-Fineline (NASDAQ: MFLX) to $14.00 from $19.00 following weak Q2 results and Q4 results but maintained a Buy rating.

Kugele comments, "While it could perhaps be argued that MFLX tarried too long in... More