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FLEX - Flex News Story

$17.59 0.1  0.5%

Last Trade - 7:06pm

Sector
Technology
Size
Large Cap
Market Cap £6.18bn
Enterprise Value £6.99bn
Revenue £17.07bn
Position in Universe 1006th / 6846

BRIEF-Flex Q3 Non-Gaap Earnings Per Share $0.31

Thu 25th January, 2018 9:05pm
Jan 25 (Reuters) - Flex Ltd  FLEX.O : 
    * FLEX REPORTS THIRD QUARTER FISCAL 2018 RESULTS 
    * Q3 NON-GAAP EARNINGS PER SHARE $0.31 
    * Q3 GAAP EARNINGS PER SHARE $0.22 
    * Q3 EARNINGS PER SHARE VIEW $0.30 -- THOMSON REUTERS 
I/B/E/S 
    * SEES Q4 2018 ADJUSTED EARNINGS PER SHARE $0.28 TO $0.32 
    * SEES Q4 2018 GAAP EARNINGS PER SHARE $0.10 TO $0.15 
    * SEES Q4 2018 REVENUE $6.1 BILLION TO $6.5 BILLION 
    * Q3 REVENUE $6.75 BILLION VERSUS I/B/E/S VIEW $6.5 BILLION 
    * COMPANY PLANS TO INITIATE TARGETED RESTRUCTURING 
ACTIVITIES 
DURING ITS Q4 OF FISCAL 2018 
    * NET SALES FOR Q3 ENDED DECEMBER 31, 2017 WERE $6.75 
BILLION, 
GROWING 10% YEAR-OVER-YEAR AND ABOVE HIGH END OF GUIDANCE RANGE 
OF $6.3 TO $6.7 BILLION 
    * EXPECTS TO INCUR A MINIMUM CHARGE OF $50 MILLION IN Q4 AND 
WILL 
SUBSTANTIALLY COMPLETE ALL ASSOCIATED ACTIVITIES BY END OF 
FISCAL YEAR 
    * Q4 EARNINGS PER SHARE VIEW $0.29, REVENUE VIEW $6.16 
BILLION -- 
THOMSON REUTERS I/B/E/S 
    * FLEX ENDED QUARTER WITH APPROXIMATELY $1.3 BILLION OF CASH 
ON 
HAND AND TOTAL DEBT OF APPROXIMATELY $2.9 BILLION 
 
Source text for Eikon:  ID:nPn7zmprpa  
Further company coverage:  FLEX.O  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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