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AI Beneficiary Flex Stock Declines After Q4 Print, What's Going On?

Flex Ltd (NASDAQ:FLEX) traded lower by about 9% at $26.08 per share at last check on Wednesday. The manufacturing company reported a fiscal fourth-quarter 2024 net sales decline of 11.7% year-on-year to $6.17 billion. It beat the analyst consensus estimate of $6.11 billion. The diversified manufacturing company’s adjusted EPS of 57 cents beat the consensus of 56 cents. The stock price declined after the print. The gross margin increased 43 bps to 7.1%. The adjusted ...