Plantronics Inc. Reports 3% Drop In Q2 Bottom Line

(RTTNews) - Plantronics Inc. (PLT) reported earnings for second quarter that lost ground compared to the same period last year.

The company said its earnings declined to $26.16 million, or $0.80 per share. This was lower than $26.89 million, or $0.82 per share, in last year's second quarter.

Analysts had expected the company to earn $0.66 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.7% to $210.30 million. This was down from $216.18 million last year.

Plantronics Inc. earnings at a glance:

-Earnings (Q2): $26.16 Mln. vs. $26.89 Mln. last year. -Earnings Decline (Y-o-Y): -2.7% -EPS (Q2): $0.80 vs. $0.82 last year. -EPS Decline (Y-o-Y): -2.4% -Analysts Estimate: $0.66 -Revenue (Q2): $210.30 Mln vs. $216.18 Mln last year. -Revenue Change (Y-o-Y): -2.7%

-Guidance: Next quarter EPS guidance: $0.75 to $0.85 Next quarter revenue guidance: $215 - $225