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Stock Market & Financial Investment News

News Breaks
January 7, 2013
17:49 EDTPLXSPlexus CEO cites nerworking/communications segment in guidance cut
Dean Foate, president and CEO, commented, "While manufacturing demand softened across all of our sectors during the quarter, in particular we did not experience the typical demand-pull of products in our Networking/Communications sector in the final few weeks of the quarter. As a consequence, our Networking/Communications sector revenue was substantially below our expectations for the quarter and accounted for the majority of the shortfall to our original guidance."
News For PLXS From The Last 14 Days
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July 22, 2015
16:05 EDTPLXSPlexus sees Q4 EPS 64c-72c, consensus 76c
Sees Q4 revenue $650M-$680M, consensus $689.9M. CEO Dean Foate said, "Our fiscal third quarter results were consistent with our announcement of preliminary results on July 13th. While revenue of $670M set a new quarterly record for the company, our results were disappointing given the stronger expectations we had when we issued our initial guidance in April. Looking forward to next quarter, we expect continuing end-market weakness in our Networking/Communications sector to largely offset anticipated sequential growth in our other three market sectors. As a consequence, we are guiding fiscal fourth quarter 2015 revenue of $650M-$680M. Achieving the midpoint of our guidance would result in full year revenue growth just shy of our 12% enduring goal."
16:03 EDTPLXSPlexus reports Q3 EPS 69c, consensus 70c
Reports Q3 revenue $670M, consensus $672.28M.

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