SINGAPORE (AP) — SINGAPORE (AP) — Flex Ltd. (FLEX) on Wednesday reported fiscal first-quarter earnings of $139 million.
On a per-share basis, the Singapore-based company said it had net income of 34 cents. Earnings, adjusted for stock option expense and restructuring costs, were 51 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The electronics designer and manufacturer posted revenue of $6.31 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $5.89 billion.
For the current quarter ending in September, Flex expects its per-share earnings to range from 52 cents to 60 cents.
The company said it expects revenue in the range of $6.2 billion to $6.8 billion for the fiscal second quarter.
Flex expects full-year earnings in the range of $2.30 to $2.50 per share, with revenue ranging from $25.4 billion to $26.4 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
