Plexus Corp. (PLXS) reported that its fourth-quarter net income decreased to $15.051 million or $0.38 per share from $17.318 million or $0.43 per share last year.
Nno-GAAP net income decreased to $15.051 million or $0.38 per share from $19.241 million or $0.48 per share a year ago.
On average, 10 analysts polled by Thomson Reuters expected the company to report profit of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased to $392.975 million from $475.970 million last year. Analysts expected revenue of $398.47 million for the quarter.
Fiscal 2009 net income decreased to $46.327 million from $84.144 million prior year. Earnings per share was $1.17 compared to $1.92 last year. Non-GAAP net income was $52.453 million compared to $85.882 million prior year. Non-GAAP earnings per share decreased to $1.32 from $1.96 last year.
Net sales were $1.62 billion compared to $1.84 billion last year.
The company expects first-quarter revenue to be in the range of $405 million-$430 million. Earnings per share is expectd to be in the range of $0.31-$0.36, excluding any restructuring charges and including approximately $0.05 per share of stock-based compensation expense.
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