Flextronics (FLEX) Tops Q3 EPS by 3c, Revenues Beat; Offers Q4 EPS/Revenue Mid-Point Guidance Below Consensus
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Flex Reports Third Quarter Fiscal 2019 Results
January 30, 2019 4:05 PM ESTSAN JOSE, Calif.--(BUSINESS WIRE)-- Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2018.
During the quarter, we grew revenues, improved the quality of our sales mix, expanded margins, returned to free cash flow generation, and streamlined our investment portfolio, said Michael Capellas, Chairman of Flex. These results reflect our intense focus on execution in our core businesses.
Third Quarter Fiscal 2019 Highlights:
Net Sales: $6.9 billion, year over year growth of 3 percent Communications and Enterprise Compute: year over year revenue growth of 14 percent... More