logo
Share SHARE
FONT-SIZE Plus   Neg

Plexus Q2 Profit Slips; Guides Q3 - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
H&R Block, Inc., the largest U.S. tax preparer, said Wednesday after the markets closed that its third quarter loss narrowed sharply from last year, as revenue surged due to an earlier opening of the Internal Revenue Service's e-file system this tax season. The company's quarterly loss per share also smaller than analysts estimated, but its quarterly revenue fell short of analysts' forecast. Microsoft co-founder Paul Allen's maritime plunge took an exciting yet somber turn, after he found the wreck of a once-feared World War II Japanese battleship that met its doom by enemy torpedoes decades ago near the Philippines. A new study reveals that more large companies in the U.S. are run by men with the names John, Robert, William or James than the total number of women CEOs. For each women CEO of S&P 1500 companies there are four men CEOs named John, Robert, William or James, according to a study conducted by the New...
comments powered by Disqus
RELATED NEWS
Trade PLXS now with 
Follow RTT