Plantronics Earnings: Here’s Why Investors are Selling Shares Now

Plantronics, Inc. (NYSE:PLT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.29%.

Plantronics, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 11.11% to $0.70 in the quarter versus EPS of $0.63 in the year-earlier quarter.

Revenue: Rose 11.82% to $202.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Plantronics, Inc. reported adjusted EPS income of $0.70 per share. By that measure, the company missed the mean analyst estimate of $0.71. It beat the average revenue estimate of $201.4 million.

Quoting Management: “We generated approximately $34 million in cash flow from operations in the first quarter of fiscal year 2014, and grew our cash, cash equivalents and short and long term investments position to approximately $444 million,” said Pam Strayer, Acting Chief Executive Officer, Senior Vice President and Chief Financial Officer.

Key Stats (on next page)…

Revenue decreased 0.68% from $204.18 million in the previous quarter. EPS decreased 1.41% from $0.71 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.73 to a profit $0.72. For the current year, the average estimate has moved down from a profit of $3.03 to a profit of $3.02 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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