Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Plexus Q2 Profit Slips; Guides Q3 - Quick Facts

RELATED NEWS
Trade PLXS now with 

Plexus Corp. (PLXS: Quote) Wednesday reported a decline in profit for the second quarter, primarily affected by higher interest expenses. Both earnings and revenues came above analysts' estimates. The company also provided a guidance for the third quarter.

The Neenah, Wisconsin-based company reported a second-quarter net profit of $19.96 million or $0.56 per share, compared to $23.86 million or $0.59 per share last year. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.54 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew to $573.47 million from $568.15 million in the prior-year quarter. Nine analysts had a consensus revenue estimate of $567.62 million for the quarter.

Looking ahead, the company expects third-quarter net income in the range of $0.60 to $0.66 per share. Revenues for the third quarter are anticipated in the range of $590 million to $620 million. Analysts currently expect the company to earn $0.63 per share for the quarter, with revenues of $602.74 million.

Click here to receive FREE breaking news email alerts for Plexus Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After moving sharply lower in early trading on Wednesday, stocks have seen continued weakness over the course of the trading session. Will the pullback, the major averages are adding to the modest losses posted in the two previous sessions. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August. Growth in U.S. manufacturing activity saw a notable slowdown in the month of September, according to a report released by the Institute for Supply Management on Wednesday, with the index of activity in the sector pulling back off a three-year high.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.