NEENAH, Wis. (AP) _ Plexus Corp. (PLXS) on Wednesday reported fiscal first-quarter earnings of $14.4 million.
On a per-share basis, the Neenah, Wisconsin-based company said it had profit of 42 cents. Earnings, adjusted for restructuring costs, came to 47 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The electronic manufacturing services company posted revenue of $616.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $609.4 million.
For the current quarter ending in April, Plexus expects its per-share earnings to range from 47 cents to 55 cents.
The company said it expects revenue in the range of $600 million to $630 million for the fiscal second quarter.
Plexus shares have declined 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.63, a decrease of 25 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