Flex Earnings, Revenue beat In Q3

  • Investing.com
Flex Earnings, Revenue beat In Q3
Credit: © Reuters.

Investing.com - Flex reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Flex announced earnings per share of $0.5 on revenue of $6.62B. Analysts polled by Investing.com anticipated EPS of $0.4158 on revenue of $6.33B.

Flex shares are down 17% from the beginning of the year and are trading at $16.75 , down-from-52-week-high.They are under-performing the Nasdaq which is down 13.44% from the start of the year.

Flex shares gained 6.28% in after-hours trade the report.

Flex follows other major Information Technology sector earnings this month

Flex's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.

Taiwan Semiconductor had beat expectations on Thursday, January 13, 2022 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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