Flex Ltd. (FLEX) announced a profit for its first quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $192 million, or $0.50 per share. This compares with $139 million, or $0.34 per share, last year.
Excluding items, Flex Ltd. reported adjusted earnings of $274 million or $0.72 per share for the period.
Analysts on average had expected the company to earn $0.64 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.1% to $6.575 billion from $6.314 billion last year.
Flex Ltd. earnings at a glance (GAAP) :
-Earnings: $192 Mln. vs. $139 Mln. last year.-EPS: $0.50 vs. $0.34 last year.-Revenue: $6.575 Bln vs. $6.314 Bln last year.
-Guidance:Next quarter EPS guidance: $0.70 - $0.78Next quarter revenue guidance: $6.5 - $6.8 BlnFull year EPS guidance: $2.86 - $3.06Full year revenue guidance: $25.9 - $27.1 Bln
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.