Investing.com - Flex (NASDAQ:FLEX) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Flex announced earnings per share of $0.5 on revenue of $6.62B. Analysts polled by Investing.com anticipated EPS of $0.4158 on revenue of $6.33B.
Flex shares are down 17% from the beginning of the year, still down 21.28% from its 52 week high of $20.02 set on February 16, 2021. They are under-performing the Nasdaq which is down 13.44% from the start of the year.
Flex shares gained 6.28% 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 Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.
Taiwan Semiconductor had beat expectations on January 13 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.
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