Plantronics, Inc. (PLT) reported net income for the fourth quarter of $28.7 million or $0.67 per share, compared to $23.9 million or $0.55 per share for the year-ago quarter.
Excluding items, adjusted earnings for the fourth quarter were $0.77 per share, compared to $0.62 per share in the prior year quarter.
Net revenue for the fourth quarter rose 15% to $204.2 million from $177.6 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.70 per share on revenue of $192.07 million for the fourth quarter. Analysts' estimates typically exclude special items.
Looking forward to the first quarter, the company forecasts net revenues of $198 million to $205 million; earnings of $0.56 to $0.62 per share and adjusted earnings of $0.68 to $0.74 per share. Analysts currently expect the company to earn $0.72 per share on revenue of $194.87 million for the first quarter.
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