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PLXSBearishEarningsnews
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Plexus (PLXS) Tops Q3 Earnings Estimates

Jul 24, 2024, 6:51 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

Plexus reported Q2 earnings of $1.45, beating estimates by 13.28%. Quarterly revenues missed estimates at $960.75 million, down from $1.02 billion. Earnings outlook shows unfavorable revisions, leading to a Zacks Rank #5. Plexus shares have underperformed the S&P 500 by 6.6% this year. Electronics Manufacturing Services sector ranks in the bottom 22% of Zacks industries.

  • Plexus reported Q2 earnings of $1.45, beating estimates by 13.28%.
  • Quarterly revenues missed estimates at $960.75 million, down from $1.02 billion.
  • Earnings outlook shows unfavorable revisions, leading to a Zacks Rank #5.
  • Plexus shares have underperformed the S&P 500 by 6.6% this year.
  • Electronics Manufacturing Services sector ranks in the bottom 22% of Zacks industries.

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