Flextronics To Further Expand Its Automotive Offering And Customer Portfolio Through Strategic Acquisition Of Mirror Controls International

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Go back to Flextronics To Further Expand Its Automotive Offering And Customer Portfolio Through Strategic Acquisition Of Mirror Controls International

Standpoint Research Upgrades Flextronics (FLEX) to Buy

May 1, 2015 12:56 PM EDT

Standpoint Research upgraded Flextronics (NASDAQ: FLEX) from Hold to Buy.

For an analyst ratings summary and ratings history on Flextronics click here. For more ratings news on Flextronics click here.

Shares of Flextronics closed at $11.53 yesterday.

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Flextronics (FLEX) Tops Q4 EPS by 2c; Will Acquire Mirror Controls International

April 29, 2015 4:04 PM EDT

Flextronics (NASDAQ: FLEX) reported Q4 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $5.95 billion versus the consensus estimate of $6.27 billion.

Flextronics sees Q2 2015 EPS of $0.20-$0.26, versus the consensus of $0.26. Flextronics sees Q2 2015 revenue of $5.6-6.2 billion, versus the consensus of $6.5 billion.

The company also announced that it has entered into a definitive agreement to acquire Mirror Controls International (MCi) from private equity firm Egeria in an all cash transaction valuing its share capital at 457 million ($494 million USD*). Based in Woerden, the Netherlands, and with three highly... More