UPDATE 1-Molex posts Q2 loss on charges

martes 27 de enero de 2009 23:28 CET
 

* Q2 loss $0.50 vs est. $0.14

* Q2 rev $666.7 mln vs est. $654.3 mln

* Sees Q3 rev $500-$570 mln vs est. $619.3 mln

* Shares fall 6 pct in after-hours trading

Jan 27 (Reuters) - Electronic connector maker Molex Inc MOLX.O swung to a second-quarter loss and said its automotive business plans to close some plants in Europe and Asia Pacific.

The company, which also forecast lower-than-expected third-quarter revenue, said its officers and employees would take a pay cut from next month.

Its industrial business plans to consolidate two Canadian facilities and close a U.S. warehouse, the company added.

Molex plans to take a total pre-tax charge through the end of fiscal year 2010 of about $220 million, compared with its previous estimate of $125 to $140 million.

Shares of the company fell 6 percent to $13.15 in trading after the bell. They closed at $13.98 Tuesday on Nasdaq.

For alerts, please click on [ID:nWNAB4371]. (Reporting by Amulya Nagaraj in Bangalore; Editing by Anil D'Silva)