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Actionable news in FLEX: Flextronics International Ltd.,

Flextronics (FLEX) Stock Gains in After-Hours Trading on Earnings Beat

NEW YORK (TheStreet) -- Shares of Flextronics (FLEX - Get Report) were gaining 6.1% to $11.88 after-hours Monday after the supply chain solutions company beat analysts' estimates for earnings in the second quarter of fiscal 2016.

Flextronics reported earnings of 27 cents a share for the fiscal second quarter, above analysts' estimates of 25 cents a share. Revenue fell 3.2% year over year to $6.32 billion for the quarter, beating analysts' estimates of $6.17 billion.

"Our strong performance this quarter was reflected in our quarterly revenue growth, improved operating margins and our continued ability to operate with discipline," CEO Mike McNamara said in a...


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