NEENAH, Wis. (AP) — NEENAH, Wis. (AP) — Plexus Corp. (PLXS) on Wednesday reported fiscal first-quarter net income of $41.2 million.
On a per-share basis, the Neenah, Wisconsin-based company said it had net income of $1.51. Earnings, adjusted for stock option expense, came to $1.78 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
The electronic manufacturing services company posted revenue of $1.07 billion in the period, matching Street forecasts.
For the current quarter ending in March, Plexus expects its per-share earnings to range from $1.80 to $1.95.
The company said it expects revenue in the range of $1.11 billion to $1.15 billion for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLXS at https://www.zacks.com/ap/PLXS
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