Recap: Plexus Q1 Earnings

Plexus PLXS reported its Q1 earnings results on Wednesday, January 24, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Plexus missed estimated earnings by 3.7%, reporting an EPS of $1.04 versus an estimate of $1.08.

Revenue was down $111.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.18 which was followed by a 7.58% increase in the share price the next day.

Here's a look at Plexus's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Plexus management provided guidance for Q1 2024, expecting earnings between $1.02 and $1.06 per share.

To track all earnings releases for Plexus visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.