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Plantronics: Fiscal 3Q Earnings Snapshot

SANTA CRUZ, Calif. (AP) _ Plantronics Inc. (PLT) on Tuesday reported a loss of $41.7 million in its fiscal third quarter.

The Santa Cruz, California-based company said it had a loss of $1.06 per share. Earnings, adjusted for one-time gains and costs, were $1.36 per share.

The headset maker posted revenue of $501.7 million in the period.

For the current quarter ending in March, Plantronics expects its per-share earnings to range from $1 to $1.30.

The company said it expects revenue in the range of $456 million to $486 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $505 million.

Plantronics shares have climbed 21 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.96, a drop of 28 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLT at https://www.zacks.com/ap/PLT