Poly Announces First Quarter Fiscal Year 2021 Financial Results

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Plantronics (PLT) Tops Q1 EPS by 31c, Revenues Beat; Offers 2Q EPS Mid-Point Above Consensus, 2Q Revenue Outlook Below Consensus

July 28, 2020 4:29 PM EDT

Plantronics (NYSE: PLT) reported Q1 EPS of $0.33, $0.31 better than the analyst estimate of $0.02. Revenue for the quarter came in at $361 million versus the consensus estimate of $354.97 million.

Highlights for the First Quarter 2021

Headsets demand remained elevated and voice solutions challenged as customers continue to work from home. Backlog at quarter-end was approximately five weeks.The Company's in-house manufacturing site in Tijuana, Mexico resumed production in early May after reconfiguring to implement specific safety protocols. The factory is capable of running at full capacity,... More