Flex Ltd. reported first-quarter fiscal 2027 adjusted earnings of $1.00 per share, beating the Zacks Consensus Estimate of 93 cents by 7.5%. Revenues advanced 20.6% to $7.93 billion, topping the consensus mark of $7.58 billion, driven by broad-based segment growth including a 35% expansion in Cloud and Power Infrastructure. The company raised its full-year revenue guidance to a range of $33.7 billion to $35.2 billion from the prior $32.3 billion to $33.8 billion, and lifted adjusted earnings guidance to $4.42 to $4.74 per share from $4.21 to $4.51. For the second quarter, Flex expects revenues between $7.95 billion and $8.25 billion and adjusted earnings of $1.00 to $1.07 per share. Despite the strong results, shares declined around 5% in pre-market trading.
Flex Ltdbeat earnings estimates and raised full-year guidance
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