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These Analysts Raise Their Forecasts On Plexus Following Q1 Results

1. Plexus reported Q1 sales below analyst estimates. 2. Earnings per share of $1.73 surpassed expectations of $1.59. 3. Second-quarter revenue guidance is lower than market estimates. 4. Analysts still rate Plexus as 'Buy' with raised price targets. 5. Plexus shares dropped 10.1% following the earnings announcement.

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FAQ

Why Bearish?

Plexus' lower revenue guidance indicates potential profitability concerns. Past earnings misses have led to similar share declines.

How important is it?

The article reflects significant earnings details impacting investor perceptions and stock valuations.

Why Short Term?

Immediate investor reaction to earnings and guidance affects short-term stock performance. Historical patterns show that market sentiment often shifts quickly based on quarterly results.

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