Plexus Corp Q3 adjusted earnings Miss Estimates

Plexus Corp (PLXS) announced a profit for its third quarter that increased from last year.

The company’s profit came in at $26.50 million, or $0.79 per share. This compares with $25.58 million, or $0.74 per share, in last year’s third quarter.

Excluding items, Plexus Corp reported adjusted earnings of $26.50 million or $0.79 per share for the period.

Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 17.4% to $726.38 million from $618.83 million last year.

Plexus Corp earnings at a glance:

-Earnings (Q3): $26.50 Mln. vs. $25.58 Mln. last year.
-EPS (Q3): $0.79 vs. $0.74 last year.
-Analysts Estimate: $0.82
-Revenue (Q3): $726.38 Mln vs. $618.83 Mln last year.

by RTTNews Staff Writer

Source: Read Full Article