Multi-Fineline Electronix, Inc. (MFLX) is riding the smartphone wave as sales rose 4.1% in the third quarter. The company has surprised on estimates 3 out of the last 4 quarters by an average of 26.33%. MFLEX has a price-to-book ratio of 1.87.

Company Description

Multi-Fineline Electronix, which calls itself MFLEX, is one of the world's largest producers of flexible printed circuits (FPC) and flexible printed circuit assemblies (FPCA).

The company's products are used in mobile phones, smart mobile devices, portable bar code scanners, personal digital assistants, computer/storage devices, and medical devices.

MFLEX Surprised by 19.35% in the Fiscal Third Quarter

On Aug 6, MFLEX reported fiscal third quarter results that easily beat the Zacks Consensus Estimate by 6 cents. Earnings per share were 37 cents compared to 34 cents in the year ago period.

Sales rose 4.1% to $174.5 million on the strength of higher sales of

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Multi-Fineline Electronix, Inc. (...

Multi-Fineline Electronix recently reported record third quarter sales of its circuits as its customers see strong demand for smartphones and other electronic devices. The company has posted strong earnings surprises in 3 out of the last 4 quarters, beating by an average of 182.32%. Its forward P/E is only 10.66.

Company Description

Multi-Fineline Electronix, Inc. (MFLX), which calls itself MFLEX, is one of the world's largest producers of flexible printed circuits (FPC) and flexible printed circuit assemblies (FPCA).

The company's products are used in mobile phones, smart mobile devices, portable bar code scanners, personal digital assistants, computer/storage devices, and medical devices. MFLEX, headquartered in Anaheim, Cal., also has operations in Suzhou, China.

MFLEX Posts Record Third Quarter Revenue

On Aug 5, Multi-Fineline reported its third quarter sales jumped 61% to a third quarter record, and the second highest in company history, of $167.6 million from $104.1 million

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