Investing.com - Flex reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Flex announced earnings per share of $0.54 on revenue of $7.35B. Analysts polled by Investing.com anticipated EPS of $0.4789 on revenue of $6.81B.
Flex shares are down 36% from the beginning of the year and are trading at $15.40 , down-from-52-week-high.They are under-performing the S&P 500 which is down 15.58% from the start of the year.
Flex shares lost 1.28% in after-hours trade the report.
Flex follows other major Information Technology sector earnings this month
Flex's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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