Plantronics (PLT) Tops Q1 EPS by 6c; Guides, Announces 1M Stock Buyback

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Go back to Plantronics (PLT) Tops Q1 EPS by 6c; Guides, Announces 1M Stock Buyback

Plantronics Announces First Quarter Fiscal Year 2017 Financial Results

August 2, 2016 4:07 PM EDT

SANTA CRUZ, CA -- (Marketwired) -- 08/02/16 -- Plantronics, Inc. (NYSE: PLT) today announced first quarter fiscal year 2017 financial results. Highlights of the first quarter include the following (comparisons are against the first quarter of fiscal year 2016):

Net revenues were $223.1 million, an increase of 8% compared with $206.4 million, and above our guidance range of $207 million to $217 million GAAP gross margin was 50.7% compared with 52.0%Non-GAAP gross margin was 51.1% compared with 52.4%GAAP operating income was $31.3 million compared with $29.4 millionNon-GAAP operating... More