28-Apr-05
16:24 FLEX Flextronics reports in line; guides Q4 and Y06 below consensus (10.64 -0.30)
Reports Q4 (Mar) earnings of $0.16 per share, in line with the Reuters Estimates consensus of $0.16; revenues fell 4.1% year/year to $3.61 bln vs the $4.02 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.15-0.17 vs. $0.18 consensus; sees Q1 revs of $3.7-3.9 vs. 4.31 bln consensus. Co issues downside guidance for FY06, sees EPS of $0.80-0.90 vs. $0.86 consensus; sees FY06 revs of $17.0-17.5 bln vs. 18.97 bln consensus. "our quarterly revenue and operating profits were less than expected
due to a more than expected decline in handset customer demand".
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