Plantronics (PLT) Tops Q1 EPS by 21c; Guides Above Views

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Go back to Plantronics (PLT) Tops Q1 EPS by 21c; Guides Above Views

Plantronics Announces First Quarter Fiscal Year 2019 Financial Results

August 7, 2018 4:15 PM EDT

SANTA CRUZ, Calif., Aug. 07, 2018 (GLOBE NEWSWIRE) -- Plantronics, Inc. (NYSE: PLT) today announced first quarter results for the period ending June 30, 2018. Highlights of the first quarter include the following (comparisons are against the first quarter Fiscal Year 2018):

Net revenues were $221.3 million, an increase of 8.5% year-over-year, and above our guidance range of $205 million to $215 millionGAAP gross margin was 49.6% compared with 50.6% Non-GAAP gross margin was 50.1% compared with 51.9% GAAP operating income was $20.6 million compared with $23.4 million, and within our guidance range of $17 to $23 million... More