Why Plexus (PLXS) Stock Is Gaining In After-Hours Trading Today

NEW YORK (TheStreet) --Shares of Plexus Corp. (PLXS) are higher by 3.64% to $43.61 in after-hours trading on Wednesday, after the company released its 2014 third quarter financial results, which showed net income increased to $24.6 million, or 71 cents per diluted share, compared to $23.2 million, or 62 cents per diluted share from the same period last year.

Plexus, a company that delivers solutions to customers through its products realization value stream, posted an increase in revenue to $621 million versus $572 million from the 2013 third quarter.

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Separately, TheStreet Ratings team rates PLEXUS CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate PLEXUS CORP (PLXS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and increase in net inc PLXS data by YCharts

PLXS ChartPLXS data by YCharts

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