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ANAHEIM, Calif. (AP) -- Circuit board maker Multi-Fineline Electronix Inc. said Monday its fourth-quarter profit jumped 38 percent as higher sales to several of its large customers offset lower sales to what was previously its biggest customer. The results beat Wall Street's expectations, and shares jumped about 19 percent in early trading. For the fiscal quarter ended Sept. 30, the company earned $3 million or 12 cents per share, up from $2.2 million, or 9 cents per share, in the same period a year earlier. Revenue rose 51 percent to $166.7 million from $110.3 million. Analysts, on average, were expecting a loss 4 cents per share on sales of $118.5 million, according to a poll by Thomson Financial. While sales to the company's biggest customer declined 33 percent, sales to all others nearly tripled during the fiscal year. For the full year, the company earned $3 million, or 12 cents per share, down from $40.4 million, or $1.59 per share, in the same period a year earlier. Revenue climbed less than 1 percent to $508.1 million from $504.2 million. M-Flex said it expects a "moderate" sequential increase in sales. Analysts are predicting $134.9 million. Shares jumped $2.68, or 18.2 percent, to $17.42 in morning trading.
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