Plexus Corp Reports 12% Drop In Q4 Earnings

(RTTNews) - Plexus Corp (PLXS) revealed earnings for fourth quarter that lost ground compared to the same period last year.

The company said its earnings declined to $23.51 million, or $0.69 per share. This was lower than $26.76 million, or $0.77 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.4% to $668.73 million. This was up from $666.22 million last year.

Plexus Corp earnings at a glance:

-Earnings (Q4): $23.51 Mln. vs. $26.76 Mln. last year. -Earnings Decline (Y-o-Y): -12.1% -EPS (Q4): $0.69 vs. $0.77 last year. -EPS Decline (Y-o-Y): -10.4% -Analysts Estimate: $0.68 -Revenue (Q4): $668.73 Mln vs. $666.22 Mln last year. -Revenue Change (Y-o-Y): 0.4%

-Guidance: Next quarter EPS guidance: $0.41 - $0.48 Next quarter revenue guidance: $600 - $625 Mln