Flex Ltd. (FLEX) released a profit for second quarter that Decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $199 million, or $0.52 per share. This compares with $214 million, or $0.54 per share, last year.
Excluding items, Flex Ltd. reported adjusted earnings of $300 million or $0.79 per share for the period.
Analysts on average had expected the company to earn $0.76 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.0% to $6.804 billion from $6.545 billion last year.
Flex Ltd. earnings at a glance (GAAP) :
-Earnings: $199 Mln. vs. $214 Mln. last year.-EPS: $0.52 vs. $0.54 last year.-Revenue: $6.804 Bln vs. $6.545 Bln last year.
-Guidance:Next quarter EPS guidance: $0.74 - $0.80Next quarter revenue guidance: $6.65 - $6.95 BlnFull year EPS guidance: $3.09 - $3.17Full year revenue guidance: $26.7 - $27.3 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.