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Plexus posts record quarter as revenue and profit top estimates
The contract electronics maker reported fiscal third-quarter revenue of $1.305 billion, up 28.2% year over year, and adjusted EPS of $2.32.
Plexus, the contract electronics company based in Neenah, Wisconsin, delivered a record fiscal third quarter after winning new programs tied to defense, data-center power, and semiconductor equipment demand, according to MarketBeat Ratings.
The company reported revenue of $1.305 billion, up 28.2% from the prior year and above analysts’ expectations, while adjusted earnings per share rose to $2.32, beating the Wall Street estimate of $2.13.
On an unadjusted basis, Plexus earned $1.58 per share, a figure that included a one-time stock compensation charge of 74 cents per share related to executive retirements, MarketBeat Ratings said.