Plexus Corp. (PLXS) and Kontron AG announced Thursday morning that they intend to enter into a strategic manufacturing arrangement. The company also raised its first quarter EPS guidance to between $0.48 and $0.50, from prior guidance of $0.44 to $0.49. The consensus estimate is for EPS of $0.47.
Plexus Corp. rose sharply during the first 45 minutes of trade Thursday and took out the session highs in the early portion of the afternoon. The stock closed up by 2.70 at $30.29 on above average volume. Plexus broke out to a 5-month high and re-crossed its 200-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.