Flextronics posts fourth-quarter results

Flextronics, a provider of electronics manufacturing services, has announced net sales for the fourth quarter ended 31 March 2010, of $5.9bn, compared to net sales for the previous quarter of $6.6bn.  

Adjusted operating income for the fourth quarter ended 31 March 2010 was $170m with an adjusted operating margin of 2.9 per cent, compared to adjusted operating income of $189m and an adjusted operating margin of 2.9 per cent in the prior quarter.

Adjusted net income was $130m and adjusted earnings per share was $0.16, compared to $138m and $0.17, respectively, for the prior quarter.