Plexus Corp Q1 Income Declines 8%

(RTTNews) - Plexus Corp (PLXS) announced a profit for first quarter that fell from last year.

The company said its earnings dropped to $26.02 million, or $0.75 per share. This was lower than $28.18 million, or $0.82 per share, in last year's first quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.7% to $677.29 million. This was up from $635.02 million last year.

Plexus Corp earnings at a glance:

-Earnings (Q1): $26.02 Mln. vs. $28.18 Mln. last year. -Earnings Decline (Y-o-Y): -7.7% -EPS (Q1): $0.75 vs. $0.82 last year. -EPS Decline (Y-o-Y): -8.5% -Analysts Estimate: $0.80 -Revenue (Q1): $677.29 Mln vs. $635.02 Mln last year. -Revenue Change (Y-o-Y): 6.7%

-Guidance: Next quarter EPS guidance: $0.68 to $0.78 Next quarter revenue guidance: $670 to $710 Mln