Multi-Fineline Electronix rises after beating Q2 estimates

Multi-Fineline Electronix, Inc. (Nasdaq:MFLX) is up 16% in Wednesday morning trading after the Anaheim, Calif.-based provider of flexible printed circuits reported second-quarter earnings of $10.4 million, or $0.41 per share, versus $3.1 million, or $0.12 per share, a year earlier. The results beat Wall Street analysts’ consensus estimate of earning $0.27 per share.

Revenue for the three months ended March 31 increased 45% to $163.9 million from $113.4 million a year ago. Analysts anticipated $152.5 million.

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