Plantronics Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - Plantronics, Inc. (PLT) reported that its second-quarter net income increased to $27.42 million or $0.65 per share from $23.14 million or $0.53 per share, last year. Non-GAAP EPS was $0.77 for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.75 for the quarter. Analysts' estimates typically exclude special items.

Net revenues were $215.81 million, compared to $193.98 million, a year ago. Analysts expected revenue of $215.25 million for the quarter.

Plantronics declared a quarterly dividend of $0.15 per common share, to be paid on December 10, 2014 to all shareholders of record as of the close of business on November 20, 2014.

The company currently expects third-quarter net revenues in the range of $220 million to $230 million; GAAP EPS of $0.64 to $0.72; and Non-GAAP EPS of $0.77 to $0.85. Analysts expect the company to report third-quarter profit per share of $0.80 on revenue of $228.82 million.