Flextronics International (Nasdaq: FLEX) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 28 (Q1), Flextronics International beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins were steady, operating margins contracted, net margins contracted.

Revenue details
 Flextronics International recorded revenue of $5.79 billion. The 11 analysts polled by S&P Capital IQ wanted to see revenue of $5.48 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.18. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.14 per share. Non-GAAP EPS of $0.18 for Q1 were 22% lower than the prior-year quarter's $0.23 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.09 for Q1 were 53% lower than the prior-year quarter's $0.19 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

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 6.0%, much about the same as the prior-year quarter. Operating margin was 2.1%, 60 basis points worse than the prior-year quarter. Net margin was 1.0%, 110 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $6.24 billion. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $24.98 billion. The average EPS estimate is $0.84.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 593 members out of 625 rating the stock outperform, and 32 members rating it underperform. Among 153 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 150 give Flextronics International a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flextronics International is hold, with an average price target of $7.94.

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