Movement Alert｜Flex Ltd. rises 5.16% in Regular Trading, earnings expectations and spin-off progress support sentiment

Market Focus10-27 22:55

On October 27, Flex Ltd. rose 5.16% in Regular Trading, trading at $81.01 per share, with turnover of $160 million.

The move appears tied to pre-earnings optimism and continued progress on the planned separation of its cloud and power infrastructure business.

Market expectations for the upcoming quarterly report call for revenue of $8.141 billion, up 21.79% year over year, adjusted EPS of $1.05, up 38.96%, and EBIT of $557 million, up 40.57%, while collected institutional views were described as broadly positive. Earlier in October, the company also completed its acquisition of EPC Power, which has been folded into the cloud and power infrastructure segment. That unit is still expected to be spun off as Axiom Solutions International in the first quarter, keeping investor focus on AI power infrastructure exposure and the potential for valuation unlocking through separation.

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