Flex Q1 EPS $0.57 Beats $0.51 Estimate, Sales $7.34B Beat $7.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Flex (NASDAQ:FLEX) reported Q1 earnings of $0.57 per share, beating the analyst consensus estimate of $0.51 by 11.76%. This is a 5.56% increase over earnings of $0.54 per share from the same period last year. The company also reported quarterly sales of $7.34 billion, beating the analyst consensus estimate of $7.28 billion by 0.77%, but this is a 0.15% decrease over sales of $7.35 billion the same period last year.
July 26, 2023 | 8:13 pm
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POSITIVE IMPACT
Flex's Q1 earnings and sales beat estimates. However, there was a slight decrease in sales compared to the same period last year.
Flex's earnings beat estimates, which is generally a positive signal for the stock. However, the slight decrease in sales YoY might temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100