August 4, 2009 / 9:34 PM / 10 years ago

UPDATE 1-Molex posts Q4 loss, says may post profit in Q1

* Q4 shr loss $1.27 vs yr-ago EPS $0.29

* Q4 goodwill impairment charge $0.99/shr

* Sees Q1 shr $0.00-$0.06

* Sees Q1 revenue $590 mln-$630 mln

Aug 4 (Reuters) - Electronic connector maker Molex Inc MOLX.O posted a fourth-quarter loss, hurt by goodwill and restructuring charges, but said it may post a profit in the first quarter.

For the first quarter, Molex forecast a range of breakeven to a profit of 6 cents a share, on revenue of $590 million to $630 million.

The company said it would not give outlook for the full year due to limited visibility in the economy.

The company posted a fourth-quarter net loss of $219.7 million, or $1.27 a share, compared with earnings of $52.6 million, or 29 cents a share, a year earlier.

Molex, which said it reduced its total headcount by 24 percent in the last three quarters, said it incurred a restructuring charge of $45.6 million and a goodwill impairment charge of $171.0 million.

Revenue fell 35 percent to $570.6 million.

Analysts on average were expecting a loss of 7 cents a share, excluding items, on revenue of $555.3 million, according to Reuters Estimates.

Shares of the company closed at $18.61 Tuesday on Nasdaq. (Reporting by Amulya Nagaraj in Bangalore; Editing by Anne Pallivathuckal)

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