Plantronics (PLT) Tops Q2 EPS by 14c; Guides Q4 In-Line
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Plantronics Announces Second Quarter Fiscal Year 2018 Financial Results
October 31, 2017 4:01 PM EDTSANTA CRUZ, Calif., Oct. 31, 2017 (GLOBE NEWSWIRE) -- Plantronics, Inc. (NYSE: PLT) today announced second quarter Fiscal Year 2018 financial results. Highlights of the second quarter include the following (comparisons are against the second quarter Fiscal Year 2017):
Net revenues were $210.3 million, a decrease of 2.7% compared with $216.2 million, and above our guidance range of $200 million to $210 millionGAAP gross margin was 51.2% compared with 51.1% ° Non-GAAP gross margin was 51.6% compared with 51.4%GAAP operating income was $30.2 million compared with $32.0 million° Non-GAAP operating income was $39.4 million compared with $42.3 millionGAAP diluted earnings per share (EPS) was $0.59 compared with... More