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Plantronics Inc (PLT.N)

PLT.N on New York Stock Exchange

45.96USD
20 Oct 2017
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$0.73 (+1.61%)
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Latest Key Developments (Source: Significant Developments)

GN Store Nord looses lawsuit against Plantronics
Thursday, 19 Oct 2017 02:20am EDT 

Oct 19 (Reuters) - GN STORE NORD SAYS:‍JURY RULES IN FAVOR OF PLANTRONICS IN GN AUDIO'S LAWSUIT AGAINST PLANTRONICS..IN 2012, GN AUDIO FILED A LAWSUIT AGAINST PLANTRONICS FOR UNLAWFUL MONOPOLIZATION OF THE DISTRIBUTORS MARKET IN THE US..THE JURY HAS NOT FOUND THAT PLANTRONICS' BEHAVIOR IN THE MARKET PLACE WAS UNLAWFUL. .GN AUDIO WILL, UPON RECEIPT OF THE WRITTEN REASONS FOR THE JUDGMENT, DECIDE WHETHER OR NOT IT WILL APPEAL THE DECISION..THIS ANNOUNCEMENT DOES NOT CHANGE THE FINANCIAL GUIDANCE FOR 2017. ​.  Full Article

Plantronics Q1 GAAP earnings per share $0.57
Thursday, 27 Jul 2017 04:01pm EDT 

July 27 (Reuters) - Plantronics Inc :Plantronics announces first quarter fiscal year 2018 financial results.Q1 non-GAAP earnings per share $0.70.Q1 GAAP earnings per share $0.57.Q1 revenue $203.9 million versus I/B/E/S view $217.1 million.Q1 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.Plantronics Inc sees Q2 net revenues of $200 million to $210 million.Plantronics Inc sees Q2 GAAP diluted EPS of $0.47 to $0.57.Plantronics Inc sees Q2 non-GAAP diluted EPS of $0.61 to $0.71.Plantronics Inc sees Q2 GAAP operating income of $23 million to $28 million.FY2018 earnings per share view $3.28, revenue view $885.7 million -- Thomson Reuters I/B/E/S.  Full Article

Plantronics says taken several cost-saving actions during qtr
Monday, 19 Jun 2017 09:32am EDT 

June 19 (Reuters) - Plantronics Inc ::Plantronics Inc - in June, co took additional actions in its efforts to continue cost management and improve profitability - sec filing.Plantronics Inc - company has taken several cost-saving actions during quarter, including a reduction-in-force and sale of its Clarity division.Plantronics Inc - actions taken during quarter are expected to result in cost-savings over long term of approximately $15 million to $16 million per year.Plantronics Inc - individually, none of actions are material to company's business or results of operations.Plantronics Inc - sale of Clarity will reduce fiscal year 2018 net revenues by approximately $13 million or $17 million on a pro-forma basis for full year.Plantronics Inc - connection with sale of Clarity, company will record an immaterial charge for inventory and fixed asset impairments.  Full Article

Plantronics reports Q4 earnings per share $0.59
Monday, 1 May 2017 08:00am EDT 

May 1 (Reuters) - Plantronics Inc -:Plantronics announces fourth quarter & fiscal year 2017 financial results.Q4 non-gaap earnings per share $0.81.Q4 gaap earnings per share $0.59.Q4 revenue fell 0.4 percent to $209 million.Sees q1 2018 revenue $211 million to $221 million.Sees q1 2018 non-gaap earnings per share $0.70 to $0.80.Sees q1 2018 gaap earnings per share $0.52 to $0.62.Q4 earnings per share view $0.72, revenue view $217.1 million -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.85, revenue view $225.2 million -- Thomson Reuters I/B/E/S.  Full Article

Plantronics Q3 adjusted earnings per share $0.79
Tuesday, 31 Jan 2017 04:01pm EST 

Plantronics Inc : Plantronics announces third quarter fiscal year 2017 financial results . Q3 non-gaap earnings per share $0.79 . Q3 gaap earnings per share $0.68 . Q3 earnings per share view $0.82 -- Thomson Reuters I/B/E/S . Q3 revenue $232.9 million versus I/B/E/S view $232.3 million . Plantronics Inc says Q3 FY17 gaap gross margin was 47.3%, a decrease of 120 basis points compared to prior year quarter . Plantronics Inc- see Q4 2017 net revenues of $213 million to $223 million . Plantronics Inc sees Q4 gaap operating income of $29 million to $34 million . Plantronics Inc sees Q4 non-gaap diluted EPS of $0.69 to $0.79 . Plantronics Inc sees Q4 gaap diluted EPS of $0.53 to $0.63 . Plantronics Inc - for full fiscal year, we expect to invest between $23 million and $26 million in capital expenditures .Q4 earnings per share view $0.75, revenue view $216.7 million -- Thomson Reuters I/B/E/S.  Full Article

Plantronics appoints Joe Burton as CEO and President
Monday, 3 Oct 2016 08:00am EDT 

Plantronics Inc :Joe Burton appointed president, chief executive officer of co; former president, ceo, Ken Kannappan, chose to resign from board.  Full Article

Plantronics says CEO Ken Kannappan to retire
Tuesday, 2 Aug 2016 04:07pm EDT 

Plantronics Inc : Plantronics ceo ken kannappan to retire . Joe burton will become president and chief executive officer effective oct. 2, 2016 .Plantronics inc says joe burton, plantronics' chief commercial officer, will become president and chief executive officer effective oct. 2, 2016.  Full Article

Plantronics sees Q2 non-gaap diluted eps $0.73 to $0.8
Tuesday, 2 Aug 2016 04:07pm EDT 

Plantronics Inc : Plantronics inc qtrly net revenues were $223.1 million, an increase of 8% compared with $206.4 million . Plantronics inc qtrly gaap diluted earnings per share was $0.62 . Gaap diluted eps was $0.76 . Plantronics inc sees q2 net revenues of $215 million to $225 million . Plantronics inc sees q2 gaap diluted eps of $0.51 to $0.61 . Sees Q2 Non-Gaap diluted eps of $0.73 to $0.8 . Q1 earnings per share view $0.70, revenue view $216.7 million -- Thomson Reuters I/B/E/S . Announcing a new 1 million share repurchase program . Q2 earnings per share view $0.78, revenue view $217.2 million -- Thomson Reuters I/B/E/S . Enterprise net revenues grew by 3% to $155.9 million in q1 of fiscal year 2017 .Consumer net revenues grew by 23% to $67.2 million in q1 of fiscal year 2017.  Full Article

Plantronics announces result of motion for sanctions
Thursday, 7 Jul 2016 08:30am EDT 

Plantronics Inc : Plantronics announces result of motion for sanctions related to the Gn Netcom litigation . Preliminary results for Q1 fiscal year 2017, with revenue expected to be above previously provided guidance range of $207 million to $217 million . Expected charge of approximately $5 million in Q1 FY 2017 related to ongoing litigation with GN Netcom, Inc. . Preliminary results for Q1 fiscal year 2017 where GAAP,non-GAAP EPS expected to be in middle to high end of previously provided guidance . Company also believes that underlying antitrust action is "without merit and intends to defend itself vigorously" .Company is not accruing any financial damages related to antitrust case.  Full Article

GN Store Nord: Court Order issued in ongoing litigation between GN Netcom, Inc. v. Plantronics
Thursday, 7 Jul 2016 01:00am EDT 

GN Store Nord A/S : Court Order issued in ongoing litigation between GN Netcom, Inc. v. Plantronics . Says United States District Court in Wilmington, Delaware, issued its order on this motion for sanctions . Says order imposed punitive sanctions against plantronics in amount of $3 million . Says order imposed additional monetary sanctions reimbursing GN for reasonable fees and costs incurred in connection with discovery disputes leading to motion for sanctions . Says order imposed possible evidentiary sanctions, if requested by GN Netcom and found by Court to be warranted as this case progresses toward trial . Says order imposed instructions to jury that it may draw an adverse inference that emails destroyed by Plantronics would have been favorable to GN's case and/or unfavorable to Plantronics' defense .Order does not impact GN's financial guidance for 2016.  Full Article

BRIEF-GN Store Nord looses lawsuit against Plantronics

* ‍JURY RULES IN FAVOR OF PLANTRONICS IN GN AUDIO'S LAWSUIT AGAINST PLANTRONICS.