Flex shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 and FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Flex shares surged following the announcement of their Q3 financial results, which exceeded expectations. The company also provided optimistic guidance for Q4 and the full fiscal year 2024.
February 01, 2024 | 3:59 pm
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Flex's stock price is likely to experience a short-term increase following the announcement of better-than-expected Q3 financial results and positive guidance for Q4 and FY24.
Companies that report earnings exceeding market expectations typically see a positive short-term reaction in their stock price. Flex's optimistic guidance for the upcoming quarter and fiscal year further bolsters investor confidence, suggesting a strong operational outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100