NEENAH, Wis. (AP) — NEENAH, Wis. (AP) — Plexus Corp. (PLXS) on Wednesday reported fiscal fourth-quarter profit of $51.4 million.
The Neenah, Wisconsin-based company said it had net income of $1.87 per share. Earnings, adjusted for stock option expense, were $2.14 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The electronic manufacturing services company posted revenue of $1.06 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.05 billion.
For the year, the company reported profit of $172.9 million, or $6.26 per share. Revenue was reported as $4.03 billion.
For the current quarter ending in December, Plexus expects its per-share earnings to range from $1.66 to $1.81.
The company said it expects revenue in the range of $1.05 billion to $1.09 billion for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLXS at https://www.zacks.com/ap/PLXS
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