Investing.com - Flex (NASDAQ:FLEX) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Flex announced earnings per share of $0.52 on revenue of $6.85. Analysts polled by Investing.com anticipated EPS of $0.4429 on revenue of $6.44B.
Flex shares are down 18% from the beginning of the year, still down 9.00% from its 52 week high of $19.50 set on November 17, 2021. They are under-performing the Nasdaq 100 which is down 17.06% from the start of the year.
Flex shares gained 5.41% in after-hours trade following the report.
Flex follows other major Information Technology sector earnings this month
Flex's report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar