NEW YORK (MarketWatch) -- Shares of Flextronics International Ltd. lost 4.8% after it reported earnings late Thursday that showed pricing and margin pressure from Asian competition. The Singapore-based electronics maker said fiscal first-quarter net earnings were $118 million, or 14 cents per share, compared with a loss of $154 million, or 19 cents per share, in the year-ago quarter. "We walked away from the conference call with an eerie feeling that the clouds are darkening over the Flextronics' story as the company now expects to struggle with its component business one to two quarters longer than expected," said analysts at Ticonderoga Securities Friday.