Flex Reports Strong Q3 Earnings, Raises Guidance
Flex Ltd. (FLEX) reported a fiscal third-quarter profit of $263 million, exceeding Wall Street expectations. Earnings per share were 67 cents on a GAAP basis and 77 cents on an adjusted basis, surpassing analysts' estimates of 64 cents.
Revenue for the quarter reached $6.56 billion. For the upcoming fourth quarter, Flex anticipates per-share earnings between 65 and 73 cents, with revenue ranging from $6 billion to $6.4 billion.
For the full year, Flex projects earnings per share of $2.57 to $2.65 and revenue of $25.4 billion to $25.8 billion. These projections indicate an optimistic outlook for the company.