NEW YORK -- Plexus this morning raised its earnings guidance while reiterating fiscal fourth-quarter revenue forecast of $545 million to $575 million.The electronics contract assembler raised its EPS guidance by roughly $0.05 to $0.66 to $0.70 from prior guidance of $0.60 to $0.66.

"The new guidance suggests that the company will be very close to its long term operating target model of 10% gross margins and 5% operating margins this quarter and that the company has moved beyond the negative impact from the disengagement by Juniper," said Deutsche Bank analyst Sherri Scribner.

Plexus's fourth quarter ends in September.

TAGS: Plexus, Deutsche Bank, profitability, revenue

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