Flextronics reports strong third quarter results

Electronics manufacturing services provider Flextronics has announced results for its third quarter ended 31 December 2010.

Net sales for the third quarter increased 19 per cent to $7.8bn (£4.9bn) compared to net sales for the same period last year of $6.6bn.

Adjusted operating income increased by $43m or 23 per cent to $232m, compared to adjusted operating income of $189m for the previous year.

Adjusted net income for the quarter was $193m, an increase of $55m or 40 per cent and adjusted EPS increased $0.08 or 47 per cent to $0.25, compared to $138m and $0.17, respectively, for the quarter ended 31 December 2009.