Flex Ltd. Q1 adjusted earnings Beat Estimates

Flex Ltd. (FLEX) revealed earnings for its first quarter that increased from last year.

The company's earnings totaled $206 million, or $0.41 per share. This compares with $52 million, or $0.10 per share, in last year's first quarter.

Excluding items, Flex Ltd. reported adjusted earnings of $230 million or $0.46 per share for the period.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.1% to $6.34 billion from $5.15 billion last year.

Flex Ltd. earnings at a glance:

-Earnings (Q1): $230 Mln. vs. $116 Mln. last year.
-EPS (Q1): $0.46 vs. $0.23 last year.
-Analysts Estimate: $0.38
-Revenue (Q1): $6.34 Bln vs. $5.15 Bln last year.

Next quarter EPS guidance: $0.37 to $0.43
Next quarter revenue guidance: $6.1 - $6.5 Bln
Full year EPS guidance: $1.70 to $1.85
Full year revenue guidance: $25.5 - $26.5 Bln

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