Flex Ltd. (NASDAQ:FLEX) shares are trading higher after the company reported better-than-expected second-quarter financial results and raised its full-year earnings guidance.
The company reported adjusted earnings per share 64 cents, beating the analyst consensus estimate of 56 cents. Quarterly sales of $6.545 billion beat the street view of $6.532 billion.
The company registered a second-quarter gross profit of $531 million, higher than the $519 million reported in the year-ago period.
Flex exited the quarter with cash and equivalents worth $2.601 billion. Inventories at quarter end totaled $5.466 billion.
Also Read: DJT Short Squeeze Could Push Stock To $60 If Trump Wins, But Analysis Says Loss Could Make Shares ‘Worthless’
Outlook: Flex expects its third-quarter revenues to be between $6.0 billion and $6.4 billion, slightly below the analyst estimate of $6.54 billion.
Additionally, the company anticipates adjusted earnings per share in the range of $0.60 – $0.66 versus the consensus estimate of $0.65.
Flex has revised its fiscal year 2025 revenue outlook to a range of $24.9 billion – $25.5 billion, down from the previous estimate of $25.4 billion – $26.4 billion, and below the analyst estimate of $25.78 billion.
Additionally, the company revised its adjusted earnings per share guidance to between $2.39 and $2.51, up from $2.30 – $2.50 and compared to the consensus estimate of $2.41.
Price Action: FLEX shares are trading higher by 3.17% to $35.77 at last check Wednesday.
Read Next:
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。