UPDATE: Flextronics Posts 75% Drop In Q3 Profit, Issues Downbeat Q4 Forecast

Flextronics International (NASDAQ: FLEX ) reported a 75% drop in its fiscal third-quarter earnings. For the current quarter, Flextronics expects earnings of $0.11 to $0.15 per share on revenue of $5 billion to $5.3 billion. However, analysts expected a profit of $0.20 per share on revenue of $5.69 billion.