Plexus Corp (PLXS) Reports In-Line Q1 EPS, Updates Q2 Guidance

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Go back to Plexus Corp (PLXS) Reports In-Line Q1 EPS, Updates Q2 Guidance

Raymond James Views Plexus (PLXS) Q1 Results as 'Solid'

January 22, 2015 11:05 AM EST

Plexus (NASDAQ: PLXS) is lower (-2.6%) following Q1 results after the close that were in-line with expectation. Despite the muted reaction in the stock, Raymond James analyst Brian Alexander was positive - calling the results "solid", although noting the outlook was "slightly tempered".

"Plexus reported solid December quarter results as revenue growth accelerated from last quarter into the mid-twenties, the highest growth rate in four years," Alexander noted. "Revenue of $665 million was... More