Plexus 4Q revenue misses consensus view, outlook above estimates |
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Published
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Wed, 31 Oct 2007 21:44
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NEW YORK (Thomson Financial) - Plexus Corp. reported late Wednesday fourth-quarter earnings of $24.9 million, or 53 cents a share, including 3 cents a share in stock option expense and 2 cents a share in restructuring costs.The mean estimate of analysts polled by Thomson Financial was for earnings of 48 cents a share.Revenue for the period rose to $425.7 million, below analyst expectations of $435.1 million.The Neenah, Wis.-based company is targeting revenue growth of 15% to 18% in fiscal 2008.It forecast first-quarter adjusted earnings of 58 cents to 63 cents a share on revenue of $440 million to $460 million. Analysts are currently looking for first-quarter earnings of 42 cents a share on revenue of $430.9 million.The stock closed the regular session at $25.80.Wanfeng Zhouwz/gmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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