Why Flextronics International (FLEX) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Flextronics International Ltd. (FLEX) are up 2.00% to $9.17 on Thursday due to the company's 2014 fourth quarter rise in GAAP income. 

For the 2014 fourth quarter the company, which provides global supply chain solutions, reported its GAAP income from continuing operations was $43 million, compared to a -$49 million loss from the same quarter last year.

GAAP earnings were 7 cents per share, compared to a loss of -8 cents per share from the year ago quarter.

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Flextronics also reported its net sales for the fiscal year, which ended March 31, 2014, were $26.1 billion, a $2.5 billion increase from the $23.6 billion recognized at the end of the 2013 fiscal year.

TheStreet Ratings team rates FLEXTRONICS INTERNATIONAL as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate FLEXTRONICS INTERNATIONAL (FLEX) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

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