July 25 Contract electronics manufacturer
Flextronics International Ltd reported
higher-than-expected quarterly revenue as the acquisition of
some Motorola Mobility units reduced the impact of the loss of a
contract with BlackBerry Ltd.
Net income fell to $59.3 million, or 9 cents per share, in
the first quarter, from $128.5 million, or 19 cents per share, a
Excluding items, the company earned 18 cents per share.
Revenue fell 3 percent to $5.79 billion.
Analysts on average had expected adjusted earnings of 9
cents per share on revenue of $5.47 billion, according to
Thomson Reuters I/B/E/S.