12:13 PM EDT, 07/25/2024 (MT Newswires) -- (Updates with stock move in the headline and the first paragraph.)

Plexus (PLXS) shares rose 10% in recent Thursday trading, a day after the company reported fiscal Q3 adjusted earnings that topped estimates by analysts.

Fiscal Q3 adjusted earnings eased to $1.45 per diluted share from $1.46 a year earlier.

Analysts surveyed by Capital IQ expected $1.22.

Net sales in the quarter ended June 29 fell to $960.8 million from $1.02 billion a year earlier.

Analysts surveyed by Capital IQ expected $980.5 million.

In fiscal Q4, the company expects adjusted EPS of $1.50 to $1.65 and sales of $990 million to $1.03 billion. Analysts polled by Capital IQ expect normalized EPS of $1.36 and revenue of $1.02 billion.

Price: 128.13, Change: +11.98, Percent Change: +10.31