Plantronics Q4 Profit Tops Estimate

(RTTNews) - Plantronics, Inc. (PLT) reported net income for the fourth quarter of $25.8 million or $0.61 per share, compared to $27.9 million or $0.65 per share for the year-ago quarter.

Excluding items, adjusted earnings per share for the fourth quarter were $0.72, compared with $0.74 in the prior year quarter.

Net revenues for the fourth quarter fell 4% to $200.8 million from $209.1 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.61 per share on revenue of $200.31 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts net revenues of $202 million to $212 million,earnings of $0.48 to $0.57 per share and adjusted earnings of $0.62 to $0.71 per share. Analysts currently expect the company to earn $0.69 per share on revenue of $210.60 million for the first quarter.