Plexus Announces Fiscal First Quarter Financial Results
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January 28, 2022 6:28 AM EST
Needham & Company analyst James Ricchiuti lowered the price target on Plexus (NASDAQ: PLXS) to $90.00 (from $95.00) while maintaining a Buy rating.
The analyst commented, "PLXS reported FQ1 results in line with its pre-announced preliminary results and guided to a sequential decline in FQ2... More
January 26, 2022 4:18 PM EST
Plexus Corp (NASDAQ: PLXS) reported Q1 EPS of $0.88, $0.24 worse than the analyst estimate of $1.12. Revenue for the quarter came in at $817 million versus the consensus estimate of $841.12 million.
Todd Kelsey, CEO, commented, "Fiscal first quarter revenue of $817 million and GAAP diluted EPS of $0.82 were consistent with our preliminary results issued on January 18, 2022, which reflected the impact from unanticipated supply chain constraints in the Americas region that worsened in the... More
