Flex Q3 Adj EPS $0.71 Beats $0.61 Estimate, Sales $7.10B Beat $6.72B Estimate
Portfolio Pulse from Benzinga Newsdesk
Flex (NASDAQ:FLEX) reported Q3 adjusted EPS of $0.71, surpassing the $0.61 estimate, and sales of $7.10B, exceeding the $6.72B estimate. This represents a 14.52% increase in EPS and an 8.42% decrease in sales from the same period last year.
January 31, 2024 | 9:06 pm
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Flex reported strong Q3 results with adjusted EPS and sales beating estimates, indicating robust financial performance despite a year-over-year sales decline.
Flex's Q3 earnings beat is likely to be viewed positively by investors, as both EPS and sales exceeded analyst expectations. The significant beat on EPS, in particular, suggests operational efficiency and could lead to a short-term uptick in stock price. However, the year-over-year decrease in sales might temper some of the investor enthusiasm, but the earnings beat is expected to have a more immediate impact on investor sentiment.
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