Last Price$67.49Cboe Real-Time Last Sale as of 2:12PM ET 6/03/20
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Plexus Flags Up To $40 Million Coronavirus Impact On Fiscal Q2 Revenue

11:19AM ET 3/02/2020 MT Newswires
Plexus (PLXS) said early Monday that it estimates the coronavirus (COVID-19) outbreak to negatively impact its fiscal Q2 revenue by about $40 million, mainly due to workforce disruptions within its supply chain.

According to the company, COVID-19 and its effects on operations remain "fluid," but could lead to its fiscal Q2 revenue to miss the previously announced guidance of $790 million to $830 million. Plexus said the outbreak could also weigh on its operating margin in the same period, but did not provide a specific estimate.

Price: 67.73, Change: +1.38, Percent Change: +2.08