Molex Q1 Profit Up - Quick Facts

(RTTNews) - Molex Inc. (MLX), a manufacturer of electronic connectors, on Wednesday reported first-quarter net income of $84.08 million or $0.46 per share, compared to $71.31 million or $0.40 per share in the year-ago quarter.

The latest quarter results included an after-tax charge of $5.4 million or $0.03 per share for costs associated with the pending merger with Koch Industries.

On average, 12 analysts polled by Thomson Reuters expected earnings of $0.37 per share for the quarter. Such estimates typically exclude special items.

Net revenue for the quarter was $936.4 million, up 2.1 percent from the September 2012 quarter. In local currencies, net revenue grew 4.0% from last year. Analysts projected revenues of $915.17 million

Orders for the period were $939.1 million, a decrease of 0.5% from the same period of the previous year.