Flextronics Announces Earnings Results
Flextronics International Ltd. (NASDAQ:FLEX) announced its quarterly earnings results on Thursday. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The business earned $6.11 billion during the quarter, compared to analyst estimates of $6.21 billion. Flextronics International had a net margin of 1.24% and a return on equity of 21.33%. Flextronics International’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Flextronics International updated its Q4 guidance to $0.27-0.31 EPS.