Shares of Plexus Corp PLXS were up 6.1% after reporting better-than-expected third-quarter fiscal 2017 results. Quarterly adjusted earnings of 74 cents per share and revenues of $618.8 million beat the Zacks Consensus Estimate of 72 cents and $610 million, respectively.
However, on a year-over-year basis, earnings fell 2.6% while revenues declined 7.3%.
Revenues from the Communications sector (16% of total revenue) plummeted 36.5% year over year to $99 million.
Healthcare/Life Sciences revenues (34%) were up 1.4% from the year-ago quarter to $210 million.
Industrial/Commercial revenues (32%) were almost unchanged year over year at $201 million.
Defense/Security/Aerospace segment revenues (18%) grew 5.8% on a year-over-year basis to $109 million.
Plexus Corp. Price, Consensus and EPS Surprise