Flex (FLEX) Tops Q3 EPS by 26c; offers guidance
Flex (NASDAQ: FLEX) reported Q3 EPS of $0.71, $0.26 better than the analyst estimate of $0.45. Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $6.73 billion.
GUIDANCE:
Flex sees Q4 2024 EPS of $0.50-$0.60. Flex sees Q4 2024 revenue of $5.8-6.4 billion.
Flex sees FY2024 EPS of $2.47-$2.57. Flex sees FY2024 revenue of $27.7-28.3 billion.
In addition, we are providing fiscal year 2024 guidance for Core Flex to provide further transparency in our core business trends. Core Flex represents Flex, excluding Flex's economic interest in Nextracker for the entire FY2024. Core Flex is a non-GAAP measure that does not reflect discontinued operations presentation under GAAP.
Fiscal Year 2024 Guidance – Core Flex
Revenue: $26.0 billion to $26.6 billion
GAAP EPS: $1.42 to $1.52
Adjusted EPS: $2.07 to $2.17 which excludes $0.26 for stock-based compensation expense, $0.24 for net restructuring charges, $0.13 for net intangible amortization and $0.02 for other compared to GAAP earnings per share.
For earnings history and earnings-related data on Flex (FLEX) click here.