UPDATE 1-Molex posts wider-than-expected Q3 loss

miércoles 22 de abril de 2009 00:43 CEST

* Q3 loss/shr of $0.14 vs. est of $-0.07

* Q3 revenue down almost 39 pct

* Sees Q4 rev $525-$575 mln vs. est $537.7 mln

* Sees FY09 capex of $165-$185 mln

April 21 (Reuters) - Electronic connector maker Molex Inc MOLX.O posted a third-quarter loss, which was wider than market estimates, hurt by a 47 percent drop in orders and a higher restructuring charge.

For the quarter ended March 31, Molex posted a net loss of $58.6 million, or 34 cents a share, compared with net income of $50.3 million, or 28 cents a share, in the year-ago period.

The results included a restructuring charge of 20 cents a share. In the prior-year quarter, the company had recorded a restructuring charge of 3 cents a share.

Revenue fell about 39 percent to $505.5 million, hurt by a reduction in inventory by customers and currency translations.

Analysts on average were expecting revenue of $527.5 million, according to Reuters Estimates.   Continuación...