Investing.com - Flex reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Flex announced earnings per share of $0.52 on revenue of $6.85. Analysts polled by Investing.com anticipated EPS of $0.4429 on revenue of $6.44B.
Flex shares are down 3% from the beginning of the year and are trading at $18.70 , down-from-52-week-high.They are outperforming the Nasdaq which is down 17.13% from the start of the year.
Flex shares gained 5.41% in after-hours trade the report.
Flex follows other major Information Technology sector earnings this month
Flex's report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
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