Plantronics: Fiscal 1Q Earnings Snapshot
SANTA CRUZ, Calif. (AP) _ Plantronics Inc. (PLT) on Tuesday reported fiscal first-quarter earnings of $14.5 million.
On a per-share basis, the Santa Cruz, California-based company said it had net income of 42 cents. Earnings, adjusted for one-time gains and costs, came to 74 cents per share.
The headset maker posted revenue of $221.3 million in the period.
For the current quarter ending in October, Plantronics expects its per-share earnings to range from $1 to $1.25. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.09.
Plantronics shares have increased 37 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $69, a rise of 55 percent in the last 12 months.