Flextronics Q2 Profit Rises - Quick Facts

(RTTNews) - Flextronics (FLEX), a leading end-to-end supply chain solutions company, reported that its second-quarter GAAP income increased to $139 million or $0.23 per share from $118 million or $0.19 per share, last year. Adjusted income was $157 million or $0.26 per share, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.24 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $6.53 billion, compared to $6.41 billion, a year ago. Analysts expected revenue of $6.44 billion for the quarter.

For the third quarter, the company expects revenue to be in the range of $6.4 billion to $6.8 billion and adjusted EPS in the range of $0.24 to $0.28. Analysts expect the company to report third-quarter earnings per share of $0.26 on revenue of $6.56 billion.