Plantronics Inc. Earnings Drop 26% In Q2

(RTTNews) - Plantronics Inc. (PLT) announced a profit for second quarter that retreated compared to the same period last year.

The company said its earnings fell to $23.96 million, or $0.70 per share. This was down from $32.54 million, or $0.77 per share, in last year's second quarter.

Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.4% to $215.0 million. This was down from $215.8 million last year.

Plantronics Inc. earnings at a glance:

-Earnings (Q2): $23.96 Mln. vs. $32.54 Mln. last year. -Earnings Decline (Y-o-Y): -26.4% -EPS (Q2): $0.70 vs. $0.77 last year. -EPS Decline (Y-o-Y): -9.1% -Analysts Estimate: $0.65 -Revenue (Q2): $215.0 Mln vs. $215.8 Mln last year. -Revenue Change (Y-o-Y): -0.4%

-Guidance: Next quarter EPS guidance: $0.71 - $0.81 Next quarter revenue guidance: $225 - $235 Mln