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Flextronics Reports Q2 Net Sales Up Nearly 4% YoY

Published: 29 October 2013
 by Staff

SAN JOSE, CA – Flextronics reported second-quarter net sales ended Sept. 27 were at the high end of guidance at $6.41 billion, up 3.8% year-over-year.

GAAP income from continuing operations was $118 million, down 26.3% compared to the second quarter of 2012.

GAAP operating income was $150 million, down 14.3% year-over-year, reflecting $41 million in restructuring charges.

For the third quarter ending Dec. 31, revenue is expected to be in the range of $6.5 billion to $6.9 billion.

Flextronics says effective Nov. 1 James A. Davidson has resigned from the board of directors.

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