Flextronics International Earnings: Here’s Why the Stock is Up Now

Flextronics International Ltd. (NASDAQ:FLEX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.12%.

Flextronics International Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 21.74% to $0.18 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Decreased 3.31% to $5.79 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Flextronics International Ltd. reported adjusted EPS income of $0.18 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $5.45 billion.

Quoting Management: “We continue to see signs of stability in the macro-environment that are encouraging,” said Mike McNamara, CEO of Flextronics. “Our revenues are expanding and our margins are improving. We continue to invest strategically in our business and further strengthen our position as the premier supply chain solutions company.”

Key Stats (on next page)…

Revenue increased 9.36% from $5.3 billion in the previous quarter. EPS increased 38.46% from $0.13 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.21 and has not changed. For the current year, the average estimate has moved down from a profit of $0.81 to a profit of $0.79 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)