Plexus Announces Fiscal First Quarter Financial Results

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Go back to Plexus Announces Fiscal First Quarter Financial Results

Plexus (PLXS) PT Raised to $89 at Needham & Company Following Good Start to the Fiscal Year

January 22, 2021 7:16 AM EST

Needham & Company analyst James Ricchiuti raised the price target on Plexus (NASDAQ: PLXS) to $89.00 (from $77.00) while maintaining a Buy rating following solid first-quarter earnings results.

The analyst commented, "PLXS got off to a solid start in F21 by delivering higher-than-expected FQ1 EPS (+12% above... More

Plexus Corp (PLXS) Tops Q1 EPS by 14c, Revenues Miss; Offers 2Q EPS/Revenue Guidance Above Consensus

January 20, 2021 4:20 PM EST

Plexus Corp (NASDAQ: PLXS) reported Q1 EPS of $1.23, $0.14 better than the analyst estimate of $1.09. Revenue for the quarter came in at $830.36 million versus the consensus estimate of $832.12 million.

Todd Kelsey, President and CEO, commented, Our operations achieved strong results in the fiscal first quarter. We expanded GAAP operating margin to 5.6% through our focus on productivity improvements and expense management along with solid performance from our Engineering Solutions team. This operating margin represents the third consecutive quarter in excess of 5.0%. Revenue of $830 million was in line with our expectations and at the midpoint of our... More