By Don Nico Forbes
Flex posted a jump in earnings for the third quarter, and raised its guidance for the fiscal year.
The electronics manufacturing services company said Wednesday that profit rose to $263 million, or 67 cents a share, from $129 million, or 30 cents a share, in the year-prior period. Analysts were expecting earnings per share of 56 cents, according to FactSet.
On an adjusted basis, EPS was 77 cents.
Revenue came in at $6.56 billion, up from $6.42 billion, and against analyst views of $6.2 billion.
The company raised its guidance for fiscal 2025. Adjusted EPS is now seen at $2.57 to $2.65, up from a prior estimate of $2.39 to $2.51.
Revenue is expected at $25.4 billion to $25.8 billion, up from $24.9 billion to $25.5 billion.
"Our consistent margin expansion is coming from improving mix and efficiency in every business unit across Flex," Chief Executive Revathi Advaithi said.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
January 29, 2025 08:26 ET (13:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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