Plantronics Inc. Q4 adjusted earnings Beat Estimates

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

The company's earnings came in at $9.85 million, or $0.29 per share. This compares with $19.52 million, or $0.59 per share, in last year's fourth quarter.

Excluding items, Plantronics Inc. reported adjusted earnings of $34.60 million or $1.05 per share for the period.

Analysts had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.4% to $216.14 million from $208.95 million last year.

Plantronics Inc. earnings at a glance:

-Earnings (Q4): $34.60 Mln. vs. $26.67 Mln. last year. -EPS (Q4): $1.05 vs. $0.81 last year. -Analysts Estimate: $0.80 -Revenue (Q4): $216.14 Mln vs. $208.95 Mln last year.

-Guidance: Next quarter EPS guidance: $0.66 - $0.78 Next quarter revenue guidance: $205 - $215 Mln