Plexus expects to reiterate fiscal 3Q outlook

The Neenah, Wis.-based company expects to record revenue of $430 million to $450 million for the quarter, and earnings of 36 cents to 41 cents per share, excluding any restructuring charges. The profit estimate reflects expenses of about 5 cents per share for stock-based compensation.

Analysts project income of 38 cents per share on revenue of $441 million for the quarter ending in June, according to a Thomson Financial survey. Analyst estimates typically exclude special items.

Plexus also said it expects to reiterate its forecast for full-year revenue growth of 16 percent to 18 percent. Based on the company's fiscal 2007 revenue of $1.54 billion, its projection implies fiscal 2008 revenue of $1.79 billion to $1.82 billion.

Analysts forecast fiscal 2008 revenue of $1.81 billion.

Shares of Plexus fell 21 cents to close at $29.89.