Plexus Says It Will Not Meet Its Q1 Revenue Guidance Of $990M-$1.03B, Will Not Meet Its Operating Margin And GAAP EPS Guidance
Portfolio Pulse from Benzinga Newsdesk
Plexus Corp. announced that it will not meet its Q1 revenue guidance of $990M-$1.03B, nor will it meet its operating margin and GAAP EPS guidance.
January 16, 2024 | 9:20 pm
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NEGATIVE IMPACT
Plexus Corp. will not achieve its Q1 revenue guidance of $990M-$1.03B and will also miss its operating margin and GAAP EPS targets.
Missing revenue guidance and earnings expectations is a negative signal to investors and can lead to a decrease in stock price due to lowered confidence in the company's financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100