Plexus Corp Reports 36% Fall In Q1 Bottom Line

(RTTNews) - Plexus Corp (PLXS) revealed earnings for first quarter that decreased from last year.

The company said its profit dropped to $15.96 million, or $0.47 per share. This was down from $24.77 million, or $0.72 per share, in last year's first quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.2% to $616.66 million. This was down from $664.69 million last year.

Plexus Corp earnings at a glance:

-Earnings (Q1): $15.96 Mln. vs. $24.77 Mln. last year. -Earnings Decline (Y-o-Y): -35.6% -EPS (Q1): $0.47 vs. $0.72 last year. -EPS Decline (Y-o-Y): -34.7% -Analysts Estimate: $0.45 -Revenue (Q1): $616.66 Mln vs. $664.69 Mln last year. -Revenue Change (Y-o-Y): -7.2%

-Guidance: Next quarter EPS guidance: $0.47 - $0.55 Next quarter revenue guidance: $600 - $630 Mln