Investing.com - Flex reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Flex announced earnings per share of $0.23 on revenue of $5.2B. Analysts polled by Investing.com anticipated EPS of $0.17 on revenue of $4.93B.
Flex shares are down 7% from the beginning of the year and are trading at $11.64 , down-from-52-week-high.They are under-performing the Nasdaq which is up 18% from the start of the year.
Flex follows other major Technology sector earnings this month
Flex's report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Alphabet C had beat expectations on Thursday with second quarter EPS of $10.13 on revenue of $38.30B, compared to forecast for EPS of $8.04 on revenue of $37.3B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar