2023-07-26 16:14:29 ET
- Flex press release ( NASDAQ: FLEX ): FQ1 Non-GAAP EPS of $0.57 beats by $0.06 .
- Revenue of $7.34B (-0.1% Y/Y) beats by $70M .
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Second Quarter Fiscal 2024 Guidance
- Revenue: $7.3 billion to $7.7 billion, vs. consensus of $7.64B
- GAAP Operating Income: $316 million to $346 million
- Adjusted Operating Income: $370 million to $400 million
- GAAP EPS: $0.44 to $0.49
- Adjusted EPS: $0.55 to $0.60, vs. consensus of $0.58, which includes $0.08 for stock-based compensation expense, $0.04 for net intangible amortization, offset by ($0.01) for noncontrolling interest share of subsidiary's non-GAAP adjustments.
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Fiscal Year 2024 Guidance Updated
- Revenue: $30.5 billion to $31.5 billion, vs. consensus of $30.87B
- GAAP EPS: $1.87 to $2.07
- Adjusted EPS: $2.35 to $2.55, vs. consensus of $2.44, which includes $0.34 for stock-based compensation expense, $0.13 for net intangible amortization, and $0.04 for net restructuring charges, offset by ($0.03) noncontrolling interest share of subsidiary's non-GAAP adjustments.
For further details see:
Flex Non-GAAP EPS of $0.57 beats by $0.06, revenue of $7.34B beats by $70M