Flex Ltd. Reports Decline In Q2 Profit

Flex Ltd. (FLEX) reported earnings for second quarter that decreased from last year

The company's earnings came in at $232 million, or $0.50 per share. This compares with $336 million, or $0.69 per share, in last year's second quarter.

Excluding items, Flex Ltd. reported adjusted earnings of $289 million or $0.63 per share for the period.

The company's revenue for the quarter rose 24.7% to $7.77 billion from $6.23 billion last year.

Flex Ltd. earnings at a glance (GAAP) :

-Earnings (Q2): $232 Mln. vs. $336 Mln. last year.
-EPS (Q2): $0.50 vs. $0.69 last year.
-Revenue (Q2): $7.77 Bln vs. $6.23 Bln last year.

Next quarter EPS guidance: $0.57 - $0.63
Next quarter revenue guidance: $7.3 - $7.7 Bln
Full year EPS guidance: $2.20 - $2.35
Full year revenue guidance: $29.1 - $30.1 Bln

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