RTTNews | Oct 28, 2021 10:25AM EDT

10:25 Thursday, October 28, 2021 (RTTNews.com) - Shares of electronics components manufacturer Flex Ltd. (FLEX) are down 5 percent on Thursday's trading as the company cut down its revenue outlook for full year 2021.

The company now expects revenues of $24.8 billion to $25.8 billion, compared to prior guidance of $25.5 billion to $26.5 billion. Analysts expect revenues of $26.0 billion for the year ahead.

Flex also posted second-quarter earnings of $336 million or $0.69 per share, higher than $113 million or $0.22 per share in last year's quarter. The company's revenue for the quarter rose 4.0% to $6.23 billion from $5.99 billion last year.

Currently at $17.40, the stock has traded between $13.26 and $20.04 during the past 52 weeks.

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