NEENAH, Wis. (AP) 鈥� NEENAH, Wis. (AP) 鈥� Plexus Corp. (PLXS) on Wednesday reported fiscal second-quarter profit of $49.8 million.
The Neenah, Wisconsin-based company said it had profit of $1.82 per share. Earnings, adjusted for stock option expense, were $2.05 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The electronic manufacturing services company posted revenue of $1.16 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.13 billion.
For the current quarter ending in June, Plexus expects its per-share earnings to range from $2.02 to $2.18.
The company said it expects revenue in the range of $1.2 billion to $1.25 billion for the fiscal third quarter.
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