Flex Ltd. Q1 sales increase

Flex Ltd. (FLEX) announced a profit for first quarter of $189 million

The company's earnings totaled $189 million, or $0.54 per share. This compares with $206 million, or $0.46 per share, in last year's first quarter.

Excluding items, Flex Ltd. reported adjusted earnings of $255 million or $0.54 per share for the period.

The company's revenue for the quarter rose 15.9% to $7.35 billion from $6.34 billion last year.

Flex Ltd. earnings at a glance (GAAP) :

-Earnings (Q1): $189 Mln. vs. $206 Mln. last year.
-EPS (Q1): $0.54 vs. $0.46 last year.
-Revenue (Q1): $7.35 Bln vs. $6.34 Bln last year.

Next quarter EPS guidance: $0.48 - $0.54
Next quarter revenue guidance: $7.0 - $7.4 Bln
Full year EPS guidance: $2.09 to $2.24
Full year revenue guidance: $28.4 - $29.4 Bln

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