Flextronics (FLEX) Misses Q1 EPS by 2c, Beats on Revenues; Soft Q2 EPS Outlook

Flextronics (NASDAQ: FLEX) reported Q1 EPS of $0.24, $0.02 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $6.01 billion versus the consensus estimate of $5.93 billion.

Second Quarter Fiscal Year 2018 Guidance

For the second quarter ending September 29, 2017, revenue is expected to be in the range of $5.9 to $6.3 billion, GAAP EPS is expected to be in the range of $0.16 to $0.20 and includes stock-based compensation expense and intangible amortization. The Company expects to sustain elevated levels of costs and investment, while maintaining its commitment to return value to shareholders. Adjusted EPS is expected to be in the range of $0.24 to $0.28 per diluted share and reflects the increased level of investment.

GUIDANCE:

Flextronics sees Q2 2018 EPS of $0.16-$0.20, versus the consensus of $0.29. Flextronics sees Q2 2018 revenue of $5.9-6.3 billion, versus the consensus of $6.18 billion.

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

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