Plantronics FY Q4 Revs, Profits Top Guidance

Plantronics (PLT) posted better-than-forecast results for its fiscal fourth quarter ended March 31.

The headset company reported revenue of $146.8 million, down from $208.7 million a year ago, but above the guidance range of $125 million to $135 million. After forecasting a non-GAAP operating loss of $4 million to $10 million, Plantronics actually posted a profit of $3.7 million, or a penny a share. (The Street had expected a loss of 16 cents a share.)

In a statement, CEO Ken Kannappan said that the company is “beginning to see signs of stabilization in many parts of our business and are encouraged that demand for our products was stronger than we forecasted for the quarter.”

For the June quarter, the company sees revenues of $145 million to $150 million, above the Street at $137.9 million,  with non-GAAP profits of 8-12 cents a share, above the consensus at four cents.

In late trading, PLT is up 92 cents, or 6.8%, to $14.49.