Plexus Corp Q2 adjusted earnings Inline With Estimates

(RTTNews) - Plexus Corp (PLXS) revealed earnings for second quarter that decreased from the same period last year.

The company's profit came in at $12.29 million, or $0.36 per share. This compares with $29.30 million, or $0.84 per share, in last year's second quarter.

Excluding items, Plexus Corp reported adjusted earnings of $25.47 million or $0.74 per share for the period.

Analysts had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.6% to $698.65 million from $604.35 million last year.

Plexus Corp earnings at a glance:

-Earnings (Q2): $25.47 Mln. vs. $29.30 Mln. last year. -EPS (Q2): $0.74 vs. $0.84 last year. -Analysts Estimate: $0.74 -Revenue (Q2): $698.65 Mln vs. $604.35 Mln last year.

-Guidance: Next quarter EPS guidance: $0.76 to $0.86 Next quarter revenue guidance: $700 to $740 Mln