Plexus Corp Q4 adjusted earnings Miss Estimates

(RTTNews) - Plexus Corp (PLXS) released earnings for fourth quarter that dropped from last year.

The company's profit totaled $33.3 million, or $1.16 per share. This compares with $37.7 million, or $1.26 per share, in last year's fourth quarter.

Excluding items, Plexus Corp reported adjusted earnings of $33.3 million or $1.16 per share for the period.

Analysts had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.7% to $843.2 million from $913.2 million last year.

Plexus Corp earnings at a glance:

-Earnings (Q4): $33.3 Mln. vs. $28.7 Mln. last year. -EPS (Q4): $1.16 vs. $0.99 last year. -Analysts Estimate: $1.23 -Revenue (Q4): $843.2 Mln vs. $913.2 Mln last year.