Flex Q1 Adj $0.51 Beats $0.41 Estimate, Sales $6.31B Beat $5.90B Estimate
Portfolio Pulse from Benzinga Newsdesk
Flex (NASDAQ:FLEX) reported Q1 earnings of $0.51 per share, beating the analyst estimate of $0.41. Sales were $6.31 billion, surpassing the $5.90 billion estimate. However, both earnings and sales decreased compared to the same period last year.
July 24, 2024 | 12:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Flex reported Q1 earnings of $0.51 per share, beating the analyst estimate of $0.41. Sales were $6.31 billion, surpassing the $5.90 billion estimate. However, both earnings and sales decreased compared to the same period last year.
Flex's Q1 earnings and sales both beat analyst estimates, which is a positive indicator for the stock in the short term. However, the year-over-year decrease in both earnings and sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100