Plexus Q3 Adj $1.32 Beats $1.02 Estimate, Sales $1.02B Inline
Portfolio Pulse from Benzinga Newsdesk
Plexus (NASDAQ:PLXS) reported Q3 earnings of $1.32 per share, beating the analyst consensus estimate of $1.02 by 29.41%. However, this is a 0.75% decrease from the same period last year. The company's quarterly sales of $1.02 billion met the analyst consensus estimate, marking a 4.14% increase from the same period last year.
July 26, 2023 | 8:45 pm
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POSITIVE IMPACT
Plexus reported better than expected Q3 earnings but a slight decrease YoY. Sales met expectations and increased YoY.
Plexus reported Q3 earnings that beat analyst estimates, which is generally positive for the stock. However, the slight decrease in earnings YoY might temper investor enthusiasm. The sales meeting estimates and increasing YoY is also a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100