Stock Track | Plexus Soars 8% as Quarterly Earnings Smash Estimates

Stock Track10-24

Shares of Plexus Corp (PLXS) soared 8.02% on Wednesday after the electronics manufacturing services company reported better-than-expected earnings for its fiscal fourth quarter ended September 30. The strong results appeared to be the primary driver behind the stock's rally.

Plexus posted adjusted earnings per share of $1.85 for the quarter, surpassing analysts' consensus estimate of $1.55. Revenue also exceeded projections, rising 2.6% year-over-year to $1.05 billion versus expectations of $1.01 billion. The company reported net income of $41.22 million for the quarter.

Analysts remain largely bullish on Plexus following the upbeat results. The current average rating on the stock is a "buy," with a median 12-month price target of $140. Three analysts rate the shares as a "strong buy" or "buy," while three have a "hold" rating and none recommend selling.

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The...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLXS","symbol_name":"普雷克萨斯","start_time":0,"source_url":"","article_id":"1130652419","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130652419","pubTimestamp":1729777054,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Plexus Corp  soared 8.02% on Wednesday after the electronics manufacturing services company reported better-than-expected earnings for its fiscal fourth quarter ended September 30. 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