Plantronics, Inc. (PLT) Tops Q4 EPS by 9c

Plantronics, Inc. (NYSE: PLT) reported Q4 EPS of $0.74, $0.09 better than the analyst estimate of $0.65. Revenue for the quarter came in at $209.1 million versus the consensus estimate of $204.7 million.

Plantronics, Inc. sees Q1 2015 EPS of $0.65-$0.72, versus the consensus of $0.69. Plantronics, Inc. sees Q1 2014 revenue of $205-215 million, versus the consensus of $202.64 million.

“Fiscal 2014 was a year of investment in infrastructure, people and product ahead of what we expect to be a substantial Unified Communications (“UC”) revenue opportunity within the next several years,” stated Ken Kannappan, President & CEO. “As we begin fiscal year 2015, we plan to invest at a moderated pace, with the expectation that earnings will grow commensurate with revenue.”

“We generated approximately $49 million in cash flow from operations in the fourth quarter of fiscal year 2014 and approximately $141 million for the full fiscal year. We grew our cash, cash equivalents and short and long term investments position to approximately $436 million from approximately $426 million at the end of the prior fiscal year, while repurchasing about $86 million in stock,” said Pam Strayer, Senior Vice President and Chief Financial Officer.

OCC net revenues increased 6% to $150.5 million in the fourth quarter of fiscal yea

For earnings history and earnings-related data on Plantronics, Inc. (PLT) click here.

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