Needham & Company Cuts Price Target on Plexus Corp (PLXS) Following 3Q15

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Plexus Corp (PLXS) Misses Q3 EPS by 1c; Q4 Guidance Falls Short

July 22, 2015 4:24 PM EDT

Plexus Corp (NASDAQ: PLXS) reported Q3 EPS of $0.69, $0.01 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $670 million versus the consensus estimate of $672.28 million.

Plexus Corp sees Q4 2015 EPS of $0.64-$0.72, versus the consensus of $0.76. Plexus Corp sees Q4 2015 revenue of $650-680 million, versus the consensus of $689.91 million.

Dean Foate, Chairman,... More