16:09 PMFlextronics International (FLEX): FQ2 EPS of $0.13 beats by $0.04. Revenue of $5.8B (+1%) in-line. Sees Q3 EPS of $0.14-0.16 vs. $0.13. Shares -4.1% AH. (PR)
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16:24 PMFlextronics International (FLEX): FQ1 EPS of $0.08 beats by $0.02. Revenue of $5.78B (-30.4%) vs. $5.55B. "While stabilization of demand has improved, we expect a muted economic recovery in the near term." Shares -5.5% AH.(PR)
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12:06 PM
Resolving the many objections to Nortel's (NRTLQ.PK) proposed $1.13B unit sale to Ericsson (ERIC): Ontario's finance minister is pressing Canada to block the deal, to keep patents in Canadian hands. Flextronics (FLEX) settles its issues and withdraws objections. Nortel is still working out objections from Sprint Nextel (S), Motorola (MOT) and SNMP Research.
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16:27 PMFlextronics International (FLEX): FQ4 EPS of $0.03 misses by $0.01. Sees FQ1 revenue of $5-6B vs. $6.2B consensus. Shares -6.2% AH. (PR)
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16:09 PMFlextronics (FLEX): FQ3 EPS of $0.16 misses by $0.03. Revenue of $8.15B (-10.1%) vs. $7.99B. Sees FQ4 EPS of $0.02-0.07 vs. $0.14 and revenue of $5.5-6.5B vs. $7.17B. Shares -4.8% AH. (PR)
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