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To: Johnny Canuck who wrote (45025)10/3/2008 6:40:31 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 70976
 
6:50AM Molex cuts quarterly revenue, earnings per share guidance (MOL) by Sarah Turner
LONDON (MarketWatch) -- Electronic components company Molex Inc. (MOLX) cut its September quarter revenue and earnings per share guidance. Revenue is now expected in a range of $840 million to $845 million, down from a prior estimate of between $860 million and $880 million. Earnings per share are now expected at between 25 cents and 29 cents, down from a prior estimate of between 35 cents and 40 cents. The company said its lifted its restructuring charge estimate to 6 cents a share, from 1 cent a share, due to accelerating a portion of the program. It has seen reduced demand primarily from the telecom/data infrastructure and automotive markets.