Plantronics Earnings Beat Street View, Outlook Falls Short

By Wallace Witkowski Markets MarketWatch Pulse

Plantronics Inc. reported quarterly earnings that topped Wall Street estimates Monday, but revenue figures as well as the headset maker's earnings outlook fell short of Wall Street estimates. For the fiscal third quarter, the company reported adjusted earnings of 83 cents a share on revenue of $225.7 million. Analysts surveyed by FactSet had forecast earnings of 76 cents a share on revenue of $230.4 million. Plantronics said it expects adjusted fiscal fourth-quarter earnings of 50 cents to 60 cents share on revenue of $200 million to $210 million. Analysts expect 73 cents a share on revenue of $207.8 million. The company said its board approved a new stock buyback plan of up to 1 million shares.

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