Flex Posts Higher 3Q Earnings, Raises Guidance for Fiscal 2025

Dow Jones

2025/01/29

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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Analysts were expecting earnings per share of 56 cents, according to FactSet. \n</p>\n<p>\n  On an adjusted basis, EPS was 77 cents. \n</p>\n<p>\n  Revenue came in at $6.56 billion, up from $6.42 billion, and against analyst views of $6.2 billion. \n</p>\n<p>\n  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. \n</p>\n<p>\n  Revenue is expected at $25.4 billion to $25.8 billion, up from $24.9 billion to $25.5 billion. \n</p>\n<p>\n   \"Our consistent margin expansion is coming from improving mix and efficiency in every business unit across Flex,\" Chief Executive Revathi Advaithi said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Don Nico Forbes at don.forbes@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 08:26 ET (13:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FLEX","symbol_name":"伟创力国际","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507330536","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507330536","pubTimestamp":1738157160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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