Listed today on Yahoo is FLEX's income statement for the 1Q and it shows Declining Revenue, and an Operating Loss as of Mar 31. This can't be what's driving the sell off this morning as this is old news. What gives?
They were profitable before charges..like this qtr..they will show .27 cents non gaap..but when all said and done....probably net of around....17-.18
read article about sony-ericson delay in supply perhaps from flex