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Wednesday, 30 January 2008 11:52

Flextronics beats earnings forecast

Written by David Stellmack

Image

Q4 profit posted with revenue over $7+ billion


Flextronics International Ltd., an OEM for other companies’ mobile communications devices, consumer digital devices, semiconductors and printed circuit boards, among other products, beat its earnings forecasts and posted a quarterly profit. 

Executives of the Singapore-based company said that the company had not been impacted by the drop in demand for consumer goods. Its production of mobile phones (manufactured for Sony Ericsson) and video game consoles (manufactured for Microsoft Corporation) performed far better than expected.

For Q4, Flextronics had revenue of between $7.5 billion and $7.9 billion

Read more here.

Last modified on Wednesday, 30 January 2008 12:00

David Stellmack

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