(RTTNews) - Plexus Corp (PLXS) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $42.2 million, or $1.49 per share. This compares with $23.4 million, or $0.82 per share, in last year's first quarter.
Excluding items, Plexus Corp reported adjusted earnings of $42.2 million or $1.49 per share for the period.
Analysts on average had expected the company to earn $1.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 33.3% to $1.09 billion from $817.5 million last year.
Plexus Corp earnings at a glance (GAAP) :
-Earnings (Q1): $42.2 Mln. vs. $23.4 Mln. last year. -EPS (Q1): $1.49 vs. $0.82 last year. -Analyst Estimate: $1.48 -Revenue (Q1): $1.09 Bln vs. $817.5 Mln last year.
-Guidance: Next quarter EPS guidance: $1.02 - $1.07 Next quarter revenue guidance: $1.02 - $1.07 bln
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