Flextronics guides adjusted fiscal 1Q profit above Street
NEW YORK—Flextronics International Ltd., an electronics manufacturing company, guided its adjusted fiscal first-quarter earnings to a range mostly above Wall Street's expectations Tuesday.
For the fiscal first quarter ending June 27, the Singapore-based company expects to post earnings of 27 cents to 29 cents per share, excluding certain items such as restructuring and stock-based charges.
By that measure, analysts polled by Thomson Financial expect earnings of 27 cents per share.
Including the items, Flextronics said profit would be cut by 10 cents to 11 cents per share
Revenue of $8 billion to $8.5 billion is expected, in the range of analysts' $8.33 billion expectation.
Shares rose 19 cents to $10.55 in aftermarket trading.
© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
rising
falling 