TECH - AI Beneficiary Flex Stock Declines After Q4 Print What's Going On? | Benzinga
Flex Ltd (NASDAQ:FLEX) traded lower by about 9% at $26.08 per share at last check on Wednesday.
The manufacturing company reported a fiscal fourth-quarter 2024 net sales decline of 11.7% year-on-year to $6.17 billion.
It beat the analyst consensus estimate of $6.11 billion.
The diversified manufacturing company’s adjusted EPS of 57 cents beat the consensus of 56 cents. The stock price declined after the print.
The gross margin increased 43 bps to 7.1%.
The adjusted ...