FLEX's Q1 Earnings Surpass Estimates, Revenues Decline Y/Y
Flex(FLEX) ZACKS·2024-07-25 22:41
Flex Ltd (FLEX) reported first-quarter fiscal 2025 adjusted earnings per share (EPS) of 51 cents, beating the Zacks Consensus Estimate by 24.4%. The bottom line compared favorably with the prior-year quarter's 47 cents per share.Revenues fell 8% year over year to $6.3 billion. However, it surpassed the consensus mark by 7%. The downside resulted from a slowdown in the Agility and Reliability Solutions business segments.Following the announcement, shares were up 6.86% and closed the session at $31.76 on Jul ...