Plexus Unleashes New Share Buyback Plan Worth $50M

Plexus Corp's (NASDAQ: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.