Plexus Corp Q1 Profit Increases, Beats Estimates

Plexus

132.00 EUR -1.49%

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(RTTNews) - Plexus Corp (PLXS) announced a profit for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $37.27 million, or $1.34 per share. This compares with $29.22 million, or $1.04 per share, last year.

Excluding items, Plexus Corp reported adjusted earnings of $48.10 million or $1.73 per share for the period.

Analysts on average had expected the company to earn $1.59 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 0.7% to $976.12 million from $982.61 million last year.

Plexus Corp earnings at a glance (GAAP) :

-Earnings: $37.27 Mln. vs. $29.22 Mln. last year. -EPS: $1.34 vs. $1.04 last year. -Revenue: $976.12 Mln vs. $982.61 Mln last year.

-Guidance: Next quarter EPS guidance: $1.46 to $1.61 Next quarter revenue guidance: $960 to $1,000 Mln