Lower PC, Mobile Sales Hurt Flextronics Revenue View
Flextronics International Ltd’s quarterly revenue fell short of expectations on lower personal computer and mobile phone sales, and the electronics manufacturer forecast current-quarter below expectations.
Shares of the company fell 4 percent in after-market trade to $6.51.
For the first fiscal quarter, the Singapore-based company expects a profit of 20 cents to 24 cents in adjusted earnings on $5.9 billion to $6.3 billion in revenue for the current quarter.
Analysts were expecting a profit of 25 cents a share on revenue of $6.72 billion, according to Thomson Reuters I/B/E/S.