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Flex Q2 Profit Tops View, Shares Up 7%

( - Flex (

) Monday reported an drop in profit for the second quarter, as sales dropped. Nevertheless, earnings for the quarter trumped Wall Street estimates, as did revenues. The contract electronics manufacturer also detailed a strong outlook for the current quarter.

Following the news, shares of Flex rose over $0.79 or 7.05% in the after-hours trade.

Singapore-based Flex's second-quarter profit dropped to $123 million or $0.22 per...