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Plexus Corp Lowers Q1 2013 Guidance-DJ


Monday, 7 Jan 2013 06:13pm EST 

Dow Jones reported that Plexus Corp expects first-quarter 2013 earnings and revenue to fall short of its previous guidance, due to weak demand in its networking and communications business. The Company now expects per-share earnings (EPS) of 45 cents to 47 cents, excluding restructuring charges, and revenue of around $531 million. The Company had previously expected earnings of 50 cents to 55 cents on revenue of $550 million to $580 million. Manufacturing demand softened across all of the company's sectors during the quarter, with the networking and communications business in particular recording less-than-typical demand in the final few weeks of the quarter. As a result, revenue from that sector fell 'substantially' below expectations, accounting for the majority of the shortfall. 

Company Quote

41.19
0.24 +0.59%
29 Aug 2014