Wednesday, Flextronics International Ltd. (FLEX) reported third-quarter net income of $93 million or $0.11 per share.
On an adjusted basis, the company reported net income of $138 million or $0.17 per share.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
For the quarter, the company reported net sales of $6.6 billion. Analysts expected the company to report revenue of $6.29 billion for the quarter.
For the fourth quarter, the company expects revenue to be in the range of $5.8 billion - $6.2 billion with adjusted earnings in the range of $0.13 - $0.16 per share. Analysts currently anticipate the company to earn $0.13 per share on revenue of $5.85 billion for the quarter.
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