Investing.com - Flex (NASDAQ:FLEX) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Flex announced earnings per share of $0.48 on revenue of $6.2B. Analysts polled by Investing.com anticipated EPS of $0.4042 on revenue of $6.36B.
Flex shares are up 1% from the beginning of the year, still down 8.74% from its 52 week high of $20.03 set on January 25. They are under-performing the Nasdaq which is up 18.21% from the start of the year.
Flex shares lost 8.75% in after-hours trade following the report.
Flex follows other major Technology sector earnings this month
Flex's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.84 on revenue of $63.47B.
Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01B, compared to forecast for EPS of $3.19 on revenue of $29.58B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar