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FLEX - Flex News Story

$18.31 -0.1  -0.4%

Last Trade - 09/04/21

Sector
Technology
Size
Large Cap
Market Cap £6.67bn
Enterprise Value £7.54bn
Revenue £17.03bn
Position in Universe 991st / 6827

BRIEF-Flex Reports Q4 GAAP Earnings Per Share Of $0.10

Thu 7th May, 2020 10:03pm
May 7 (Reuters) - Flex Ltd  FLEX.O :
    * FLEX REPORTS FOURTH QUARTER AND FISCAL 2020 RESULTS
    * Q4 ADJUSTED EARNINGS PER SHARE $0.28
    * Q4 GAAP EARNINGS PER SHARE $0.10
    * Q4 SALES $5.5 BILLION VERSUS REFINITIV IBES ESTIMATE OF
$5.48
BILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES
DATA
    * SUSPENDING CAPITAL EXPENDITURES FOR NON-CRITICAL
INVESTMENTS
    * TEMPORARILY SUSPENDING SHARE REPURCHASES FROM MID-MARCH
    * ELECTING TO SUSPEND QUARTERLY GUIDANCE FOR JUNE QUARTER
AND IS
UNABLE TO PROVIDE DETAILED FISCAL YEAR 2021 GUIDANCE AT THIS
TIME
    * EXPECTS JUNE QUARTER SALES TO DECLINE BY A HIGH-SINGLE TO
LOW-DOUBLE DIGITS PERCENTAGE SEQUENTIALLY, DUE TO ONGOING IMPACT
OF COVID-19

Source text for Eikon:  ID:nBw2bWHh1a 
Further company coverage:  FLEX.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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