SINGAPORE (AP) _ Flex Ltd. (FLEX) on Wednesday reported fiscal third-quarter profit of $230 million.
The Singapore-based company said it had net income of 50 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 62 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The electronics designer and manufacturer posted revenue of $7.76 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $7.48 billion.
For the current quarter ending in March, Flex expects its per-share earnings to range from 48 cents to 54 cents.
The company said it expects revenue in the range of $7 billion to $7.4 billion for the fiscal fourth quarter.
Flex expects full-year earnings in the range of $2.27 to $2.33 per share, with revenue ranging from $29.9 billion to $30.3 billion.
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