Plexus Announces Fiscal First Quarter Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/23/2026
Go back to Plexus Announces Fiscal First Quarter Financial Results
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
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
