Published in News
Flextronics beats earnings forecast
by David Stellmack on30 January 2008
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
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