Movement Alert|Flex Ltd. Intraday Rise 5.81%, Earnings Beat and Spin-Off Progress Continue to Support Shares

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On November 11, Flex Ltd. rose 5.81% in Regular Trading, trading at $78.23 per share, with turnover of $42.7412 million.

The move was supported by continued market digestion of the company’s better-than-expected quarterly results, higher full-year guidance, and ongoing progress toward the planned separation of its cloud and power infrastructure business.

In its latest quarterly report, Flex Ltd. posted adjusted EPS of $1.18, above market expectations of about $1.05 to $1.06, while revenue reached $8.491 billion, up about 25% year over year and ahead of expectations. The company also raised full-year adjusted EPS guidance to $4.84 to $5.16, above the $4.69 consensus. In addition, Flex Ltd. previously completed the EPC Power acquisition and said the cloud and power infrastructure segment is planned to be spun off as Axiom Solutions International in the first quarter of 2027, reinforcing its exposure to AI data center and power infrastructure demand.

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