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What: Shares of Plexus (NASDAQ:PLXS) have jumped today by as much as 13% after the company reported earnings results.
So what: Revenue in the fiscal third quarter totaled $571.9 million, well ahead of the Street consensus of $565 million. Earnings per share were $0.68, similarly topping expectations of just $0.58 per share. CEO Dean Foate said the strong results were driven by the networking and communications as well as the health care and life sciences sectors.
Now what: Guidance for the coming quarter was also strong, with sales forecast to $545 million to $575 million. Adjusted earnings per share should be in the range of $0.60 to $0.66. Investors would have been happy with just $0.57 per share in adjusted profit next quarter. The company also repurchased $14.5 milion worth of shares during the quarter.
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