Plantronics Inc (PLT) Releases Earnings Results, Beats Expectations By $0.05 EPS

Plantronics Inc (PLT) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.76 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.71. The company posted revenue of $223.10 million in the period, compared to analysts expectations of $218.52 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Plantronics Inc closed down -0.18 points or -0.37% at $48.24 with 2,08,810 shares getting traded on Friday. Post opening the session at $48.33, the shares hit an intraday low of $47.87 and an intraday high of $48.595 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 6, 2016, Marvin Tseu (director) sold 2,000 shares at $45.10 per share price. According to the SEC, on May 31, 2016, Marshall Mohr (director) sold 3,000 shares at $44.38 per share price. On May 13, 2016, Brian S Dexheimer (director) sold 2,900 shares at $42.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Plantronics Inc. (Plantronics) is engaged in the design manufacture and distribution of headsets for business and consumer applications and other specialty products for the hearing impaired. The Company is a global designer manufacturer and marketer of lightweight communications headsets telephone headset systems other communication endpoints and accessories for the business and consumer markets under the Plantronics brand. Its headsets are used for applications such as Unified Communications (UC) in contact centers in the office and in the home with mobile phones and Internet telephony for gaming and for other specialty applications. Its product categories include Enterprise which includes corded and cordless communication headsets audio processors and telephone systems; and Consumer which includes Bluetooth and corded products for mobile phone applications personal computer (PC) and gaming headsets and specialty products marketed for hearing impaired individuals.

Plantronics Inc

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