UPDATE 2-Flextronics forecasts strong revenue; cost cuts planned

Wed Jan 29, 2014 6:49pm EST
 
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* Does not see near-term impact from Lenovo's deal for Motorola Mobility

* Sees 4th-quarter revenue $5.9-$6.3 bln vs est $5.97 bln

* Expects adjusted EPS $0.18-$0.22 vs est $0.19

* Shares rise 15 percent in after-hours trading

By Aurindom Mukherjee

Jan 29 (Reuters) - Contract electronics maker Flextronics International Ltd forecast current-quarter revenue largely above Wall Street estimates and said it planned to reduce its workforce and undertake other cost cuts.

Shares of Flextronics, which said its third-quarter net profit more than tripled, rose 15 percent in extended trading.

The Singapore-based company said revenue in the current quarter would be helped by strong demand for game consoles and smartphones. Flextronics makes the Xbox game console for Microsoft Corp and smartphones for Google Inc.

China's Lenovo Group Ltd, which is also a Flextronics customer, said on Wednesday it would acquire Google's Motorola Mobility smartphone business.   Continued...