Flextronics International Ltd. reported unaudited consolidated earnings results for the second quarter ended October 2, 2009. For the quarter, net sales were $5.8 billion, an increase of 1%, compared to net sales of $5.78 billion for the first quarter ended July 3, 2009. The company reported operating income of $123.15 million, loss before income taxes of $29.65 million and net income of $19.66 or $0.02 per share compared to operating income of $9.57 million, loss before income taxes of $158.04 million and net loss of $154.04 or $0.19 per share for the same period a year ago. Adjusted operating income was $149 million, an increase of 66% compared to the first quarter adjusted operating income of $90.2 million. Adjusted net income was $104 million and adjusted EPS was $0.13 compared to $63.11 million and $0.08, respectively, for the prior quarter. The company generated $312 million of operating cash flow and $270 million of free cash flow compared to $106.86 million of operating cash flow and $68.23 million of free cash flow reported for the prior quarter. Net debt was further reduced in the quarter by $483 million to $587 million. Net debt has decreased by approximately $1.1 billion from one year ago. The company reported purchase of property & equipment, net of dispositions of $41.53 million compared to $38.63 million reported a year ago. For the third quarter ending December 31, 2009, revenue is expected to be in the range of $6.0 billion to $6.4 billion and adjusted EPS is expected to be in the range of $0.14 to $0.16 per share. GAAP earnings per share are expected to be lower than the guidance provided herein by approximately $0.07 per diluted share for estimated restructuring activities, quarterly intangible amortization, stock-based compensation expense and non-cash interest expense. During the second quarter, the company recognized $4 million of non-cash asset impairment charges.

Flextronics International Ltd. expected to Report Q3 2010 Results on January 27, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).

Flextronics International Ltd. provided earnings guidance for the full year of fiscal 2010. The company expects cap expenditure that for the year, roughly $200.0 million. It's currently under spending that but the company would anticipate that for the fiscal year.