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Plexus: Fiscal 4Q Earnings Snapshot

·1 min read

NEENAH, Wis. (AP) _ Plexus Corp. (PLXS) on Wednesday reported fiscal fourth-quarter profit of $37.7 million.

On a per-share basis, the Neenah, Wisconsin-based company said it had profit of $1.26. Earnings, adjusted for stock option expense, were $1.49 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The electronic manufacturing services company posted revenue of $913.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $873.4 million.

For the year, the company reported profit of $117.5 million, or $3.93 per share. Revenue was reported as $3.39 billion.

For the current quarter ending in January, Plexus said it expects revenue in the range of $810 million to $850 million.

Plexus shares have declined 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $69.04, a decline of nearly 7% 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 https://www.zacks.com/ap/PLXS