Shares of Plexus Corp (PLXS) plummeted over 6% in pre-market trading on Thursday, following the company's disappointing outlook for fiscal year 2025 that missed analyst expectations.
While Plexus reported better-than-expected earnings for the first quarter of fiscal 2025, with adjusted EPS of $1.73 beating the consensus estimate of $1.59, the company's guidance for the second quarter and full year fell short of Wall Street projections.
For the second quarter, Plexus forecasted adjusted earnings of $1.46 to $1.61 per share and revenue of $960 million to $1 billion. Analysts had expected higher adjusted EPS of $1.60 and revenue of $1.02 billion for the period.
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