Flextronics Shares Fall On Revenue Miss, Weak Outlook

MarketWatch Pulse

Flextronics International Ltd. shares declined in the extended session Wednesday after the supply-chain services company issued a weak outlook and fell short of Wall Street revenue expectations. Flextronics shares shed 2.6% to $11.90 on moderate volume. The company reported adjusted earnings of 27 cents on revenue of $5.95 billion for its fourth fiscal quarter. Analysts surveyed by FactSet had estimated earnings of 25 cents a share on revenue of $6.27 billion. Flextronics forecast adjusted first-quarter earnings of 20 cents to 26 cents a share on revenue of $5.6 billion to $6.2 billion. Analysts had forecast 26 cents a share in earnings on revenue of $6.5 billion.

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