Key Developments: Flextronics International Ltd (FLEX.OQ)

FLEX.OQ on NASDAQ Stock Exchange Global Select Market

11.13USD
23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Aviage Systems selects Flextronics International Ltd to manufacture complex avionics products
Wednesday, 11 Jun 2014 04:14pm EDT 

Flextronics International Ltd:Says that it has been selected by Aviage Systems to manufacture Integrated Modular Avionics (IMA) cabinet units to support commercial aircraft programs in China.Aviage Systems is a joint venture between General Electric Company (GE) and Aviation Industry Corporation of China (AVIC), a provider of avionics systems and tier-1 supplier to China's first commercial aircraft, COMAC C919.  Full Article

Flextronics International's Medical Group partners with Ichor Medical Systems to provide supply chain solutions, including design and maunfacturing services
Wednesday, 7 May 2014 04:01pm EDT 

Flextronics International Ltd:Says its Medical Group will provide design and manufacturing services to Ichor Medical Systems for development of its next generation TriGrid DNA Delivery System.TriGrid technology has recently been licensed by Pfizer for the intracellular delivery of their DNA-based cancer vaccines.  Full Article

Flextronics International Ltd gives Q1 2015 guidance in line with analysts' estimates
Wednesday, 30 Apr 2014 04:01pm EDT 

Flextronics International Ltd:Expects Q1 2015 revenue to be in the range of $6.0 to $6.5 billion.Expects Q1 2015 adjusted EPS to be in the range of $0.20 to $0.24 per diluted share.Q1 2015 revenue of $6.3 billion and EPS of $0.23 - Thomson Reuters I/B/E/S.  Full Article

Flextronics International Ltd's subsidiary announces partnership with Mantis Vision for customized 3D scanning solutions
Tuesday, 18 Mar 2014 09:00am EDT 

Flextronics International Ltd:Says its hardware venture arm, Lab IX, has enters into agreement.To provide support to Mantis Vision, a disruptive technology company that develops and designs 3D image and motion capture hardware and software solutions for consumer and professional applications.  Full Article

Flextronics International Ltd issues Q4 2014 guidance; EPS guidance below analysts' estimates; plans to reduce workforce; issues Q4 2014 charge guidance
Wednesday, 29 Jan 2014 04:01pm EST 

Flextronics International Ltd:Expects Q4 2014 revenue to be in the range of $5.9 bln to $6.3 bln.Expects Q4 2014 EPS in the range of $0.18 to $0.22 per diluted share.Expects Q4 2014 GAAP EPS to be lower than the guidance provided herein by about $0.05-$0.06 for the costs associated with SG&A reductions and $0.03 per diluted share for intangible amortization and stock-based compensation expense.Says during Q4 2014 it plans to reduce its workforce and initiate other cost reduction activities.Says as a result, the company expects to recognize about $30-$35 mln in pre-tax cash charges comprised primarily of employee severance and benefit costs.Says these cost reduction activities will yield potential annualized savings of about $60 mln principally to selling, general and administrative expenses through reduced employee expenses and lower operating costs.Q4 2014 revenue of $6.3 bln and EPS of $0.23 -Thomson Reuters I/B/E/S.  Full Article

Flextronics International Ltd Completes Acquisition Of RIWISA
Monday, 4 Nov 2013 09:00am EST 

Flextronics International Ltd announced that it has completed its previously announced acquisition of RIWISA AG. As a result of the transaction, Flextronics has acquired RIWISA's manufacturing facilities located in Hagglingen, Switzerland and experienced employees in medical, consumer packaging and industrial products. With the close of the acquisition, Flextronics broadens its precision injection molding and high-speed automation offerings.  Full Article

Flextronics International Ltd Updates Q3 2014 Guidance To A Range In Line With Analysts' Estimates
Tuesday, 29 Oct 2013 04:01pm EDT 

Flextronics International Ltd announced that for third quarter of 2014, it expects revenue to be in the range of $6.5 billion to $6.9 billion and adjusted EPS is expected to be in the range of $0.21 to $0.25 per share. GAAP earnings per share is expected to be lower than the guidance provided herein by approximately $0.03 per diluted share for intangible amortization and stock-based compensation expense. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $6.78 billion and EPS of $0.25 for the third quarter 2014.  Full Article

Flextronics International Ltd Issues Q3 2014 Guidance; EPS Guidance Below Analysts' Estimates - Conference Call
Wednesday, 4 Sep 2013 12:30pm EDT 

Flextronics International Ltd announced that for the third quarter 2014, it is targeting revenue to be around $6.9 billion and EPS to be $0.25. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $6.8 billion and EPS of $0.26 for the third quarter 2014.  Full Article

Flextronics International Ltd Issues Q2 2014 Guidance In Line With Analysts' Estimates
Thursday, 25 Jul 2013 04:02pm EDT 

Flextronics International Ltd announced that for second quarter of 2014, it expects revenue to be in the range of $6.1 billion to $6.4 billion and adjusted EPS to be in the range of $0.19 to $0.22 per share. GAAP earnings per share is expected to be lower than the guidance provided herein by approximately $0.03 per diluted share for intangible amortization and stock-based compensation expense. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $6.1 billion and EPS of $0.21 for the second quarter of 2014.  Full Article

Flextronics International Ltd To Participate In Tender Offer For Nokia Siemens Networks' Manufacturing Assets-DJ
Monday, 1 Jul 2013 12:50am EDT 

Dow Jones reported that according to Finnish newspaper, Nokia Siemens Networks, the joint venture of Nokia Oyj and Siemens AG, is aiming to sell its manufacturing assets to contract manufacturers in a tender to raise cash and release working capital. Companies participating in the tender are Foxconn Technology Co. Ltd, Flextronics International Ltd., Sanmina-SCI Corp. and Jabil Circuit Inc., Helsingin Sanomat reported, citing confidential NSN documents it had seen. According to the newspaper, the tender was scheduled to close at the end of June. NSN will choose two of the four participants to whom the assets will be sold.  Full Article

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Flextronics results beat on demand for game consoles, phones

April 30 - Contract electronics manufacturer Flextronics International Ltd reported better-than-expected fourth-quarter revenue and adjusted profit on Wednesday, helped by higher demand from its game console and smartphone customers.

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