Plexus Shares Jumped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Plexus (NAS: PLXS) have popped today, up by as much as 16% after the company reported first-quarter earnings last night.

So what: Revenue for the quarter came out to $529.7 million, while earnings per share added up to $0.51. Both top and bottom lines bested analyst expectations, which were looking for $527.8 million in sales and a $0.48 per-share profit.

Now what: Second-quarter guidance was just as rosy, with revenue estimated from $550 million to $580 million, with next quarter's profit from $0.51 to $0.58 per share. Both ranges look nice compared to the consensus estimates of $547.6 million and $0.51 per share in profit next quarter. The release is also contributing to the broader tech rally today along with strong earnings from F5, which also reported last night.

Interested in more info on Plexus? Add it to your watchlist byclicking here.

At the time this article was published Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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