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FLEX - Flex News Story

$18.4 0.1  0.5%

Last Trade - 12/04/21

Sector
Technology
Size
Large Cap
Market Cap £6.68bn
Enterprise Value £7.56bn
Revenue £16.99bn
Position in Universe 984th / 6841

BUZZ-Flex Ltd: Gains on upbeat Q3 results

Thu 28th January, 2021 4:50pm
** Shares of electronics manufacturer  FLEX.O  up 8.6% at
$18.78, set for best day in over three months
    ** Co posts Q3 sales of $6.72 bln, above analysts' est of
$6.23 bln - Refinitiv Data 
    ** Also posts Q3 adj profit above est on robust demand 
    ** Separately, FLEX says actively pursuing alternatives for
its solar tracking business, NEXTracker, and considering full or
partial separation through IPO, spin-off or sale  urn:newsml:reuters.com:*:nPnLzPqJa
    ** Avg. rating of 11 analysts on stock is "buy", their
median PT is $20 
    ** Stock fell 42% in 2020; up 5% YTD, including session's
gains 

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))
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