Sales totaled $5.15 billion for the three months ended June 26, down from $6.18 billion for the year-ago period. That result came ahead of the $4.94 billion Street consensus.
Looking ahead, Flex said it anticipates fiscal Q2 adjusted EPS in the range of $0.25 to $0.31. That compares with adjusted EPS of $0.31 earned in the year-earlier period. Wall Street was looking for $0.24.
The company also said it forecasts fiscal Q2 revenue in the range of $5.4 billion to $5.7 billion. That versus $6.1 billion generated in the prior-year quarter. Analysts are forecasting $5.42 billion.
Shares rose more than 3% in after-hours trading.
Price: 12.04, Change: +0.39, Percent Change: +3.35
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