Plantronics (PLT) Tops Q2 EPS by 2c

Plantronics (NYSE: PLT) reported Q2 EPS of $0.77, $0.02 better than the analyst estimate of $0.75. Revenue for the quarter came in at $215.8 million versus the consensus estimate of $212.25 million.

"Strength in our Enterprise portfolio, including both Core and Unified Communications product groups contributed to solid revenue growth and stronger earnings per share growth," stated Ken Kannappan, President & CEO. "We believe new products are positioning us well for continued leadership in all of our major markets. We're especially pleased with industry reception to our first significant product introduction for the Contact Center category in 10 years."

"We are managing the company with a focus on improving our operating margins and are pleased with the improvement year over year. While our gross margins were very strong this quarter, we continue to expect long-term Non-GAAP gross margins to be in the 50% to 52% range as UC grows to represent a larger portion of the revenue mix," said Pam Strayer, Senior Vice President and Chief Financial Officer. "We're also pleased with our improved inventory levels and collections results."

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

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