by 
SINGAPORE -- Flextronics (Nasdaq: FLEX) today announced results for its third quarter ended December 31, 2010 as follows:
Third Quarter Results
Net sales for the third quarter ended December 31, 2010 increased 19% to $7.8 billion compared to net sales for the quarter ended December 31, 2009 of $6.6 billion. Adjusted operating income increased $43 million or 23% to $232 million, compared to adjusted operating income of $189 million for the year ago quarter. Adjusted net income for the third quarter ended December 31, 2010 was $193 million, an increase of $55 million or 40%, and adjusted EPS increased $0.08 or 47% to $0.25, compared to $138 million and $0.17, respectively, for the year ago quarter. GAAP operating income, net income, and EPS were all up significantly year-over-year.
"The breadth and strength of our competitive position continues to improve and is reflected in our value-added supply chain services and solutions being in high-demand," said Mike McNamara, CEO of Flextronics. "We continue to improve quarter-over-quarter with sales increasing to $7.8 billion. Flextronics' asset management continues to be outstanding and has driven substantial improvements in our return on invested capital (ROIC). For the quarter, ROIC increased to a record 33.6%, above the 30.1% of a year ago, and up from 31.9% last quarter, and profit improvement continues on a strong, consistent pace."
Guidance
For the fourth quarter ending March 31, 2011, revenue is expected to be in the range of $7.1 billion to $7.4 billion and adjusted EPS is expected to be in the range of $0.21 to $0.23 per share. GAAP earnings per share are expected to be lower than the guidance provided herein by approximately $0.04 per diluted share for quarterly intangible amortization and stock-based compensation expense.
{complink 2085|Flextronics Corp.}
Solar energy has been gaining momentum for the last few years. But it hasn't really gotten very popular at the consumer level yet. How many of you really have bought a solar panel and installed it into your homes? Not me. Maybe in the future but definitely not now. Also, there are still alot of work to connect the solar panel so that the energy can be transferred back to the main power grid. That would require building more infrastructure like the transmission towers and wire lines. Currently the infrastructure is very old and cannot support the sporadic renewable energy like solar and wind power.