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Flex: Fiscal 4Q Earnings Snapshot

SINGAPORE (AP) _ Flex Ltd. (FLEX) on Tuesday reported a loss of $64.4 million in its fiscal fourth quarter.

On a per-share basis, the Singapore-based company said it had a loss of 12 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 27 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share.

The electronics designer and manufacturer posted revenue of $6.23 billion in the period.

For the year, the company reported profit of $93.4 million, or 18 cents per share. Revenue was reported as $26.31 billion.

For the current quarter ending in July, Flex expects its per-share earnings to range from 25 cents to 29 cents.

The company said it expects revenue in the range of $6.1 billion to $6.5 billion for the fiscal first quarter.

Flex shares have climbed 45% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.05, a fall of 15% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLEX at https://www.zacks.com/ap/FLEX