Plantronics Q1 Profit Rises - Quick Facts

(RTTNews) - Plantronics, Inc. (PLT) Tuesday reported first-quarter operating income of $35.9 million or $0.62 per share, up from $32.1 million or $0.55 per share in the comparable quarter last year.

Adjusted operating income for the quarter was $42.4 million or $0.70 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.71 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 12 percent to $202.8 million from $181.4 million last year. Analysts expected revenues of $201.40 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.51 to $0.57 per share, with adjusted earnings in the order of $0.62 to $0.68 per share.

Revenues are projected in the range of $192 million to $200 million. Analysts currently expect the company to earn $0.72 per share on revenues of $199.22 million.