Lower PC, Mobile Sales Hurt Flextronics Revenue View
May 2, 2012
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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.
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