Flex: Fiscal Q1 Earnings Snapshot

SINGAPORE (AP) — SINGAPORE (AP) — Flex Ltd. (FLEX) on Wednesday reported fiscal first-quarter earnings of $186 million.

The Singapore-based company said it had net income of 41 cents per share. Earnings, adjusted for one-time gains and costs, were 57 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The electronics designer and manufacturer posted revenue of $7.34 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $7.24 billion.

For the current quarter ending in September, Flex expects its per-share earnings to range from 55 cents to 60 cents.

The company said it expects revenue in the range of $7.3 billion to $7.7 billion for the fiscal second quarter.

Flex expects full-year earnings in the range of $2.35 to $2.55 per share, with revenue ranging from $30.5 billion to $31.5 billion.

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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