Plantronics Inc. Q4 Income Drops 31%

(RTTNews) - Plantronics Inc. (PLT) announced earnings for fourth quarter that fell compared to the same period last year.

The company said its earnings came in at $21.05 million, or $0.64 per share. This was down from $30.62 million, or $0.72 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.5% to $209.80 million. This was up from $200.76 million last year.

Plantronics Inc. earnings at a glance:

-Earnings (Q4): $21.05 Mln. vs. $30.62 Mln. last year. -Earnings Decline (Y-o-Y): -31.3% -EPS (Q4): $0.64 vs. $0.72 last year. -EPS Decline (Y-o-Y): -11.1% -Analysts Estimate: $0.55 -Revenue (Q4): $209.80 Mln vs. $200.76 Mln last year. -Revenue Change (Y-o-Y): 4.5%

-Guidance: Next quarter EPS guidance: $0.63 - $0.73 Next quarter revenue guidance: $207 - $217 Mln