FLEX's Q4 Earnings Surpass Estimates, Revenues Decline Y/Y
FLEXFlex(FLEX) Zacks Investment Research·2024-05-02 21:21

Flex Ltd (FLEX) reported fourth-quarter fiscal 2024 adjusted earnings of 57 cents per share, beating the Zacks Consensus Estimate by 3.6%. The bottom line grew 29.5% year over year. Revenues (excluding Nextracker) decreased 11.7% year over year to 6.2billion.However,itbeattheconsensusmarkby1.16.2 billion. However, it beat the consensus mark by 1.1%. Weakness across the Agility and Reliability Solutions segments led to the top-line contraction. Net sales in fiscal 2024 totaled 26.4 billion (excluding Nextracker), down 7% year over year. Post the spin- ...