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Flextronics Reaffirms Q3 and Q4 Views
Nov 22, 2002
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Flextronics International Ltd., an electronics contract manufacturer, said its outlook for the fiscal third and fourth quarters remained unchanged in a stable market. Flextronics chairman and CEO Michael Marks said during a conference call it was maintaining its outlook for the December quarter of earnings in range of U.S. $0.09-0.12 per share on revenue from $3.4 billion to $3.6 billion.

Marks said the company continued to expect March-quarter earnings in a range of $0.05-0.08 per share and revenue in a range of $3 billion to $3.3 billion. Singapore-based Flextronics, which competes with Celestica Inc., Sanmina-SCI Corp., Jabil Circuit Inc., and Solectron Corp., in October reported a profit in its fiscal second quarter. Looking ahead to the end of the year, it warned on its fourth-quarter earnings amid weaker-than-usual business. (Reuters)

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