Investing.com - Flex reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Flex announced earnings per share of $0.28 on revenue of $5.5B. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $5.5B. That with comparison to EPS of $0.27 on revenue of $6.23B in the same period a year before.Flex had reported EPS of $0.38 on revenue of $6.46B in the previous quarter.Analysts are expecting EPS of $0.21 and revenue of $5.18B in the upcoming quarter.
Flex shares are down 26% from the beginning of the year and are trading at $9.70 , down-from-52-week-high.They are under-performing the Nasdaq which is down 0.66% year to date.
Flex shares gained 4.30% in after-hours trade the report.
Flex follows other major Technology sector earnings this month
Flex's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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