Plantronics Inc. Q1 Income Declines 7%

(RTTNews) - Plantronics Inc. (PLT) announced earnings for first quarter that fell from last year.

The company said its profit came in at $23.20 million, or $0.70 per share. This was lower than $24.98 million, or $0.76 per share, in last year's first quarter.

Analysts had expected the company to earn $0.75 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.6% to $203.93 million. This was down from $223.11 million last year.

Plantronics Inc. earnings at a glance:

-Earnings (Q1): $23.20 Mln. vs. $24.98 Mln. last year. -Earnings Decline (Y-o-Y): -7.1% -EPS (Q1): $0.70 vs. $0.76 last year. -EPS Decline (Y-o-Y): -7.9% -Analysts Estimate: $0.75 -Revenue (Q1): $203.93 Mln vs. $223.11 Mln last year. -Revenue Change (Y-o-Y): -8.6%

-Guidance: Next quarter EPS guidance: $0.61 to $0.71 Next quarter revenue guidance: $200 - $210 Mln