Plexus Q3 2024 Adj EPS $1.45 Beats $1.30 Estimate, Sales $961.000M Miss $981.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plexus (NASDAQ:PLXS) reported Q3 2024 adjusted EPS of $1.45, beating the $1.30 estimate, but sales of $961 million missed the $981.25 million estimate. EPS decreased by 0.68% year-over-year, while sales decreased by 5.97% year-over-year.
July 24, 2024 | 8:33 pm
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Plexus reported Q3 2024 adjusted EPS of $1.45, beating estimates by 11.54%, but sales of $961 million missed expectations by 2.06%. EPS decreased by 0.68% year-over-year, and sales decreased by 5.97% year-over-year.
While Plexus beat EPS estimates, the miss on sales and the year-over-year declines in both EPS and sales may create mixed sentiment among investors. The stock price may experience volatility but is likely to remain neutral in the short term.
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