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 Thursday, April 28, 2022, 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 Tuesday, April 26, 2022 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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