Flextronics International Ltd. reported consolidated unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the period, the company reported net sales of $6,123 million against $7,469 million a year ago. Adjusted operating income was $146 million against $153 million a year ago. GAAP operating income was $35 million against $141 million a year ago. Adjusted net income was $148 million against $131 million a year ago. GAAP net income was $32 million against $106 million a year ago. Adjusted EPS was $0.22 against $0.18 million a year ago. GAAP EPS was $0.05 against $0.15 a year ago. Income before income taxes was $45.8 million against $120.3 million a year ago. Free cash flow of $395 million for the third quarter ended December 31, 2012 consists of GAAP net cash flows from operating activities of $478 million less purchases of property and equipment net of dispositions of $83 million.

For the nine-month period ended December 31, 2012, free cash flow was $678 million consisting of GAAP net cash flows from operating activities of $1.0 billion less purchases of property and equipment net of dispositions of $328 million.

The company provided earnings guidance for the fourth quarter ending March 31, 2013. For the fourth quarter ending March 31, 2013, revenue is expected to be in the range of $5.0 billion to $5.3 billion and adjusted EPS from continuing operations is expected to be in the range of $0.11 to $0.15 per share. GAAP earnings per share from continuing operations are expected to be lower than the guidance provided herein by approximately $0.02 per diluted share for quarterly intangible amortization and stock-based compensation expense, and by approximately $0.15 to $0.18 per diluted share for the remaining restructuring charges. For March quarter, tax guidance is based on maintaining an effective tax rate range of 8% to 10%. For March quarter, range of $15 million to $20 million for quarterly net interest & other expense remains appropriate, but this excludes any fair value adjustments related to warrants in Workday.