Flextronics Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Flextronics (FLEX) reported fourth-quarter income from continuing operations of $43 million or $0.07 per share, compared to a loss of $49 million or $0.08 per share, a year ago. Adjusted income from continuing operations was $146 million or $0.24 per share, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.20 for the quarter. Analysts' estimates typically exclude special items. Net sales increased to $6.72 billion from $5.29 billion, a year ago. Analysts expected revenue of $6.10 billion for the quarter.

For the first quarter, the company expects revenue to be in the range of $6.0 billion to $6.5 billion and adjusted earnings per share to be in the range of $0.20 to $0.24. Analysts expect the company to report first-quarter profit per share of $0.23 on revenue of $6.28 billion.