FLEX's Q2 Earnings Top Estimates, Revenues Down Y/Y, Stock Gains
Flex(FLEX) ZACKS·2024-10-31 20:11
Flex Ltd (FLEX) reported second-quarter fiscal 2025 adjusted earnings per share (EPS) of 64 cents, surpassing the Zacks Consensus Estimate by 14.3%. The bottom line compared favorably with 57 cents posted in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues declined 6% year over year to $6.5 billion. However, it beat the consensus mark by 0.4%. The downtick was caused by continued slowdown across the Agility and Reliability Solutions business segments.I ...