Plantronics (PLT) Tops Q3 EPS by 7c, Guides q4 EPS Below the Street; Announces 1M Share Buyback
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Plantronics Announces Third Quarter Fiscal Year 2016 Financial Results
February 1, 2016 4:00 PM ESTSANTA CRUZ, CA -- (Marketwired) -- 02/01/16 -- February 1, 2016 - Plantronics, Inc. (NYSE: PLT) today announced third quarter fiscal year 2016 financial results. Highlights of the third quarter include the following (comparisons are against the third quarter of fiscal year 2015):
Net revenues were $225.7 million compared with $231.8 million, and within our guidance of $225 million to $235 millionConstant currency revenue grew by 1%, from $231.8 to $232.9Â GAAP gross margin was 48.5% compared with 51.7%Non-GAAP gross margin was 48.9% compared with 52.0% GAAP operating income was $26.6 million compared with $40.6... More