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Stock impact report

Flex Reports Second Quarter Fiscal 2020 Results

Flex Ltd. - Ordinary Shares (FLEX) 
Last flex ltd. - ordinary shares earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.flex.com/home/default.aspx
Company Research Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 27, 2019.Second Quarter Fiscal 2020 Highlights:Net Sales: $6.1 billion, year over year revenue down 9 percentGAAP Loss Before Income Taxes: ($96) millionAdjusted Operating Income: $227 millionGAAP Net Loss: ($117) millionAdjusted Net Income: $158 millionGAAP Net Loss Per Share: ($0.23)Adjusted EPS: $0.31An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release.“This quarter was a step in the right direction and I am encouraged by our performance. We have focused on managing our mix, disciplined execution and design-led manufacturing to deliver strong adjusted operating margins and adjusted free cash flow. We will build on this momentum to drive profitable growth and shareholder value going forward,” said Revathi Advaithi, CEO of Flex.Flex ended the quarter with appro Show less Read more
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