Flex Sees Q3 Revenues Of $6.0B-$6.4B Vs. $6.5B Estimate, Adjusted EPS Of $0.60-$0.66 Vs. $0.56 Estimate
Portfolio Pulse from Benzinga Newsdesk
Flex has announced its Q3 revenue guidance of $6.0B-$6.4B, which is below the $6.5B estimate. However, the company expects adjusted EPS to be between $0.60-$0.66, surpassing the $0.56 estimate.
October 30, 2024 | 12:10 pm
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Flex's Q3 revenue guidance is below expectations, but its adjusted EPS guidance exceeds estimates, indicating potential mixed market reactions.
The revenue guidance of $6.0B-$6.4B is below the $6.5B estimate, which could negatively impact the stock. However, the adjusted EPS guidance of $0.60-$0.66 is above the $0.56 estimate, which could positively influence investor sentiment. The mixed guidance may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100