Plantronics Profit Tops Estimate; Provides Strong Q2 Guidance - Quick Facts

(RTTNews) - Plantronics Inc (PLT) Tuesday reported first-quarter net earnings of $28.7 million or $0.68 per share, compared with $27 million or $0.62 per share last year.

Excluding items, adjusted earnings for the quarter were $0.78 per share, compared with $0.70 per share a year ago.

Revenue for the quarter was up 7% at $216.7 million, compared with $202.8 million in the prior year.

Analysts polled by Thomson Reuters projected earnings of $0.69 per share on revenue of $210.6 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company expects adjusted earnings of $0.72 to $0.80 per share and revenue of $210 million to $220 million. Analysts expect earnings of $0.69 per share on revenue of $207.8 million.

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