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More on Flextronics (FLEX): FQ1 earnings beat on the bottom-line due to lower input costs, but...

More on Flextronics (FLEX): FQ1 earnings beat on the bottom-line due to lower input costs, but profit sank 2.7% as revenue plummeted and losses from discontinued operations weighed down results. Sales for electronics manufacturer have declined for the past three quarters due to the sluggish economy. The company also lowers guidance for the current quarter, now forecasting to earn $0.21 to $0.25 per share on revenue of $5.9B to $6.3B. Street expectations are for an EPS of $0.25 on $6.44B in revenue.
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