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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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August 18, 2014
17:02 EDTPLXSPlexus announces $30M share buyback program
Plexus Corp announced that its board has approved a new share repurchase program under which the company is authorized to repurchase up to $30M of its common stock during FY15. The authorized repurchases represent approximately 2% of current market capitalization. The company expects to fund the majority of the repurchases with existing cash.

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