Plexus Holding

Published : April 22nd, 2015

Plexus meets 2Q profit forecasts

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Keywords :   K Street | Report | Wall Street |

Plexus meets 2Q profit forecasts

NEENAH, Wis. (AP) _ Plexus Corp. (PLXS) on Wednesday reported fiscal second-quarter profit of $23.6 million.

On a per-share basis, the Neenah, Wisconsin-based company said it had profit of 69 cents.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 69 cents per share.

The electronic manufacturing services company posted revenue of $651.3 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $645.1 million.

For the current quarter ending in June, Plexus said it expects revenue in the range of $670 million to $700 million.

Plexus shares have increased slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $43.80, a decrease of nearly 2 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLXS at http://www.zacks.com/ap/PLXS

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Keywords: Plexus, Earnings Report

Read the rest of the article at sg.finance.yahoo.com

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Plexus is a exploration company based in United kingdom.

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