Flextronics International posted quarterly earnings that beat Wall Street expectations, as sales at the contract electronics maker jumped 18 percent.
Flextronics shares rose as much as 2.6 percent after the earnings report, but in after-hours trade, trimmed those gains to trade at $11.90, up 6 cents from the Nasdaq close.
Flextronics, which counts Hewlett-Packard and Microsoft as customers, said second-quarter profit was $121 million, or 20 cents per share, compared with $185 million, or 31 cents per share, a year earlier.
Excluding costs such as stock-based compensation and amortization of intangibles, Flextronics had a profit of 24 cents per share, up from 20 cents a share a year earlier and ahead of the average forecast of 23 cents on Reuters Estimates.
Net sales were $5.56 billion, up 18 percent from $4.7 billion a year earlier.
Flextronics shares are up 3.1 percent so far this year, compared to a fall of more than 12 percent for those of Jabil Circuit, its chief rival.
Flextronics did not provide forecasts for its third quarter, saying that would be given during a meeting for Wall Street analysts early next month.