Flex Beats Q2 Revenue Estimates by 5.4%

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Flex reported second-quarter revenues of $7.93 billion, up 20.6% year on year and 5.4% above analysts' expectations, in what the company called an exceptional quarter. The electronic components and manufacturing sector as a whole beat consensus revenue estimates by 4% and guided next quarter's revenue 6% above expectations, though average share prices are down 8.3% since earnings. Flex also exceeded analysts' EPS guidance for next quarter, but its stock fell 5.8% after reporting and now trades at $106.73. Among peers, Amphenol posted the fastest revenue growth at 55% year on year and its stock rose 8.3%, while Rogers delivered the weakest performance against estimates with a significant EPS miss.

Impact on stocks 6

Semiconductors± Mixed · 3 stocks
Rogers Corporation
ROG
▼ NegativeCapitalrelevance

Delivered weakest performance against estimates with significant EPS miss.

Artificial Intelligence▼ · 2 stocks
Flex Ltd
FLEX
▼ NegativeCapitalrelevance

Beat revenue estimates but stock fell 5.8% after reporting, trading at $106.73.

Cloud & Digital Infrastructure▲ · 1 stocks
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