UPDATE 1-Flextronics revenue falls; more weakness ahead

Tue Apr 30, 2013 5:26pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* 4th-quarter revenue falls 17 pct to $5.3 bln

* Expects 1st-quarter adjusted EPS $0.12-$0.16 vs est $0.16

* Revenue of $5.3 bln-$5.6 bln vs est $5.45 bln

* Shares fall 2 percent in after-hours trading

April 30 (Reuters) - Contract electronics maker Flextronics International Ltd reported a quarterly loss after the departure of key customer BlackBerry , and it warned earnings in the current quarter may fall below analysts' estimates.

Flextronics shares fell 2 percent in extended trading.

The company, which reported a charge of about $125 million in its fourth quarter related to factory closures and job cuts, said it expects an additional $25 million to $30 million in charges in the current quarter.

The Singapore-based company said in January it expected almost no revenue from BlackBerry, formerly a key customer, and it warned that the quarter's results would be below analysts expectations.

Flextronics, which recently completed its acquisition of Motorola Mobility's factories in China, forecast adjusted earnings from continuing operations of 12 cents to 16 cents per share on revenue of $5.3 billion to $5.6 billion for the current quarter.   Continued...