Flex Ltd. Reports Earnings Results for the Third Quarter Ended December 31, 2018
January 31, 2019 at 03:17 am IST
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Flex Ltd. announced earnings results for the third quarter ended December 31, 2018. For the third quarter, the company announced sales was USD 6,944.827 million compared to USD 6,751.552 million a year ago. Net loss was USD 45.169 million compared to net income of USD 118.333 million a year ago. Diluted loss per share was USD 0.09 compared to diluted earnings per share of USD 0.22 a year ago. For the nine months, sales was USD 20,079.387 million compared to USD 19,030.244 million a year ago. Net income was USD 157.751 million compared to USD 448.129 million a year ago. Diluted earnings per share was USD 0.3 compared to USD 0.84 a year ago.
Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge.
FLEX LTD. 
