Plexus Announces Fiscal Second Quarter Financial Results
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April 23, 2021 6:34 AM EDT
Needham & Company analyst James Ricchiuti raised the price target on Plexus (NASDAQ: PLXS) to $102.00 (from $89.00) while maintaining a Buy rating.
The analyst commented, "FQ2 revenue increased 15% y/o/y, at the midpoint of guidance, while the highest gross margins in four... More
April 21, 2021 4:27 PM EDT
Plexus Corp (NASDAQ: PLXS) reported Q2 EPS of $1.42, $0.17 better than the analyst estimate of $1.25. Revenue for the quarter came in at $881 million versus the consensus estimate of $880.97 million.
Fiscal second quarter 2021 revenue of $881 millionGAAP diluted EPS of $1.42, including $0.07 of restructuring charges and $0.22 of stock-based compensation expenseInitiates fiscal third quarter 2021 revenue guidance of $875 to $915 million with GAAP diluted EPS guidance of $1.23 to $1.38, excluding any unforeseen COVID-19 impacts
Todd Kelsey, President and CEO, commented, Our robust fiscal second quarter results highlight the advantages of our unique value proposition and consistent focus on... More
