Flextronics 4Q growth falls shy of expectations

Flextronics 4Q growth falls shy of expectations
Tags: Flextronics Self-Service Kiosk Systems
April 29, 2010

Flextronics reported a 6 percent increase in revenue during the final quarter of 2009.

But Bloomberg Businessweek reports that that figure fell short of analysts' expectations, resulting in a 4.1 percent slide in the company's stock price on Wednesday, when the figure was reported.

Earnings per Flextronics share (16 cents) exceeded analysts' projections, as did the company report that its stock traded up 185 percent in 2009 and had been up 11 percent in the first part of 2010.

Despite the stock price dip, the article reports that a number of analysts maintain a "buy" rating on Flextronics stock.