Plexus Corp Q3 Profit Increases, Beats Estimates

(RTTNews) - Plexus Corp (PLXS) released earnings for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $45.12 million, or $1.64 per share. This compares with $25.14 million, or $0.91 per share, last year.

Excluding items, Plexus Corp reported adjusted earnings of $52.42 million or $1.90 per share for the period.

Analysts on average had expected the company to earn $1.71 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.0% to $1.018 billion from $960.75 million last year.

Plexus Corp earnings at a glance (GAAP) :

-Earnings: $45.12 Mln. vs. $25.14 Mln. last year. -EPS: $1.64 vs. $0.91 last year. -Revenue: $1.018 Bln vs. $960.75 Mln last year.

-Guidance: Next quarter EPS guidance: $1.82 to $1.97 Next quarter revenue guidance: $1.025 to $1.065 Bln