Plantronics Profit Falls, Yet Tops Estimate - Quick Facts

(RTTNews) - Plantronics Inc (PLT) Tuesday reported net earnings of $27.9 million or $0.65 per share for the fourth quarter of fiscal year 2014. This compares with $28.7 million or $0.67 per share last year.

Excluding items, adjusted earnings for the quarter were $31.8 million or $0.74 per share compared with $30.5 million or $0.71 per share a year ago.

Revenues for the quarter were higher at $209.1 million compared with $204.2 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.65 per share on revenues of $204.7 million for the quarter. Analysts' estimates typically exclude special items.

Operating margin for the quarter fell to 17 percent from 18.1 percent a year ago.

Looking ahead to the first quarter of fiscal 2015, the company expects earnings of $0.54 to $0.61 per share, adjusted earnings of $0.65 to $0.72 per share and revenues of $205 million to $215 million. Analysts expect earnings of $0.69 per share on revenues of $202.64 million.

Plantronics has declared a quarterly dividend of $0.15 per common share, a five-cent increase over the prior quarter.

Santa Cruz, California-based Plantronics manufactures lightweight communications headsets and telephone headset systems.