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Flextronics Misses Estimates

 

Electronics manufacturing services provider Flextronics(FLEX Quote) fell short of consensus earnings estimates for the fourth quarter, and the company neared completion of the plan to reduce production capacity and cut its workforce.

Flextronics posted income of 22 cents a share, coming in below the Thomson Financial/First Call consensus estimate of 24 cents. The company earned 17 cents in the year-ago period. ...

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