AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Flex Ltd. (FLEX) on Wednesday reported fiscal second-quarter net income of $263 million.
The Austin, Texas-based company said it had profit of 70 cents per share. Earnings, adjusted for one-time gains and costs, were $1.18 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The electronics designer and manufacturer posted revenue of $8.49 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $8.18 billion.
For the current quarter ending in December, Flex expects its per-share earnings to range from $1.19 to $1.25.
The company said it expects revenue in the range of $8.87 billion to $9.17 billion for the fiscal third quarter.
Flex expects full-year earnings in the range of $4.84 to $5.16 per share, with revenue ranging from $34.9 billion to $35.9 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLEX at https://www.zacks.com/ap/FLEX
