Plexus Announces Fiscal Third Quarter 2018 Financial Results
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Plexus Corp (PLXS) Misses Q3 EPS by 3c, Revenues Beat; Offers Q4 EPS/Revenue Mid-Point Outlook Below Consensus
July 18, 2018 4:20 PM EDTPlexus Corp (NASDAQ: PLXS) reported Q3 EPS of $0.79, $0.03 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $726 million versus the consensus estimate of $721.08 million.
Todd Kelsey, President and CEO, commented, Our fiscal third quarter revenue of $726 million marks the fourth consecutive quarter of record revenue and a 17% increase from the comparable quarter last fiscal year. We delivered higher than anticipated revenueassociated with new program ramps while navigating a challenging supply chain environment, resulting in lower than expected operating margin. Within the quarter our teams continued their strong wins performance by... More
