Plantronics (PLT) Tops Q4 EPS by 9c, Sales Miss; Guides Q1 Below Views
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May 1, 2017 8:00 AM EDT
SANTA CRUZ, Calif., May 01, 2017 (GLOBE NEWSWIRE) -- Plantronics, Inc. (NYSE: PLT) today announced fourth quarter and Fiscal Year 2017 financial results. Highlights of the fourth quarter include the following (comparisons are against the fourth quarter and full Fiscal Year 2016, as noted):
Net revenues were $209.0 million, a decrease of 0.4% compared with $209.8 million, and below our guidance range of $213 million to $223 millionGAAP gross margin was 51.5% compared with 50.9%- Â Non-GAAP gross margin was 51.9% compared with 51.3%GAAP operating income was $30.0 million compared with $17.9 million- Â Non-GAAP operating income was $39.8 million compared with $34.4 millionGAAP diluted...
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