logo
Share SHARE
FONT-SIZE Plus   Neg

Plexus Q2 Profit Slips; Guides Q3 - Quick Facts

Plexus Corp. (PLXS) 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

Quick Facts

Editors Pick
Athletic clothing company Under Armour has ended sponsorship of a female hunter after a video that showed her husband killing a bear caused an outrage. Sponsorship of Sarah Bowmar, the wife and hunting companion of US hunter Josh Bowmar, was dropped by Under Armor following the negative response to... The City of Somerville has decided not to appeal a key environmental permit granted in July for Wynn Resorts Ltd.'s $2.1 billion Everett casino project. The decision paves the way for work on the casino project, known as Wynn Boston Harbor, to go ahead. Apple Inc. is planning to launch three new iPhone models in 2017, including a premium handset with a curved display, the Nikkei Asian Review reported Monday, citing sources familiar with Apple's plans. The new iPhone models will reportedly include a 4.7-inch model, a 5.5-inch model and the premium handset that will be either 5.5 inches or larger.
comments powered by Disqus
Follow RTT