Plexus Unleashes New Share Buyback Plan Worth $50M

  • Plexus Corp's PLXS board approved a new share buyback plan worth $50 million.
  • The company recently reported Q3 EPS of $0.99, which beat the analyst consensus of $0.97.
  • The Q4 GAAP EPS guidance is $1.13 - $1.29, versus the analyst consensus of $1.27.
  • Plexus held $307.5 million in cash and equivalents and generated $42.7 million in operating cash flow.
  • Price Action: PLXS shares traded higher by 0.29% at $87.73 on the last check Friday.
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