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Flextronics International Ltd (FLEX) Tops Q4 EPS by 4c; Guides In-Line

April 30, 2014 4:11 PM EDT

Flextronics International Ltd (NASDAQ: FLEX) reported Q4 EPS of $0.24, $0.04 better than the analyst estimate of $0.20. Revenue for the quarter came in at $6.72 billion versus the consensus estimate of $6.1 billion.

Flextronics International Ltd sees Q1 2015 EPS of $0.20-$0.24, versus the consensus of $0.23. Flextronics International Ltd sees Q1 2015 revenue of $6-6.5 billion, versus the consensus of $6.28 billion.

"Fiscal 2014 marked a year of continuous improvement and execution," said Mike McNamara, chief executive officer of Flextronics. "We consistently grew revenue, adjusted operating profit dollars, and adjusted EPS sequentially every quarter from our March trough a year ago through our December quarter. And while we are very pleased to have exceeded expectations for all three metrics this quarter, we remain focused on providing industry-leading, end-to-end supply chain solutions, driving growth and executing our strategy."

"We continued to deliver strong cash flow generation with fiscal 2014 cash flow from operations of $1.2 billion and free cash flow of $701 million," said Chris Collier, chief financial officer of Flextronics. "During fiscal 2014 we repurchased 60 million shares or 9% of our shares outstanding, further demonstrating our continued commitment to deliver shareholder value."

For earnings history and earnings-related data on Flextronics International Ltd (FLEX) click here.



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