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Plexus Posts Higher Q1 Profit, Lower Revenue; Issues Guidance
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Plexus Posts Higher Q1 Profit, Lower Revenue; Issues Guidance
Jan 22, 2025 2:08 PM

04:54 PM EST, 01/22/2025 (MT Newswires) -- Plexus (PLXS) reported fiscal Q1 non-GAAP earnings Wednesday of $1.73 per diluted share, up from $1.23 a year earlier.

Analysts polled by FactSet expected $1.59.

Revenue for the quarter ended Dec. 28 was $976.1 million, down from $982.6 million a year earlier.

Analysts surveyed by FactSet expected $981.9 million.

Plexus said it expects fiscal Q2 non-GAAP EPS to be between $1.46 and $1.61 on revenue of $960 million to $1.00 billion.

Analysts expect $1.60 and $1.02 billion, respectively.

The shares were falling more than 6% in after-hours trading.

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