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Plexus' lower revenue guidance indicates potential profitability concerns. Past earnings misses have led to similar share declines.
What happened, with direct paths to the underlying reporting
Plexus reported Q1 sales below analyst estimates. Earnings per share of $1.73 surpassed expectations of $1.59. Second-quarter revenue guidance is lower than market estimates. Analysts still rate Plexus as 'Buy' with raised price targets. Plexus shares dropped 10.1% following the earnings announcement.
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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.