Flex Ltd. (FLEX) Tops Q4 EPS by 4c

Flex Ltd. (NASDAQ: FLEX) reported Q4 EPS of $0.28, $0.04 better than the analyst estimate of $0.24. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.48 billion.

Looking Ahead

As a result of the material impact from the COVID-19 pandemic on our workforce and operations, as well as the lack of visibility as to the duration and potential outcomes of the pandemic, the Company is electing to suspend quarterly guidance for the June quarter and is unable to provide detailed fiscal year 2021 guidance at this time. However, the Company expects June quarter sales to decline by a high-single to low-double digits percentage sequentially, due to the ongoing impact of COVID-19.

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

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