Flextronics International (Nasdaq: FLEX) reported earnings on Jan. 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q3), Flextronics International beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.

Gross margins grew, operating margins grew, net margins shrank.

Revenue details
 Flextronics International chalked up revenue of $6.12 billion. The 10 analysts polled by S&P Capital IQ foresaw net sales of $6.01 billion on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $7.49 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.22. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.20 per share. GAAP EPS of $0.04 for Q3 were 71% lower than the prior-year quarter's $0.14 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 5.6%, 50 basis points better than the prior-year quarter. Operating margin was 2.1%, 40 basis points better than the prior-year quarter. Net margin was 0.4%, 100 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $5.71 billion. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $23.88 billion. The average EPS estimate is $0.88.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 599 members out of 630 rating the stock outperform, and 31 members rating it underperform. Among 167 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give Flextronics International a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flextronics International is outperform, with an average price target of $7.67.

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