Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily

PLT: Hands-Free Laws Drive Bluetooth Headset Sales

July 22, 2008 at 4:29 pm PT

Plantronics (PLT) this afternoon reported better-than-expected results for its fiscal first quarter ended June, thanks in large part to strong demand for Bluetooth headsets. The demand surge, the company noted, reflected the July 1 adoption of “hands-free” driving laws in California and Washington.

Revenue in the quarter was $219.2 million, above the Street consensus of $209.1 million, and ahead of the company’s guidance of $205 million to $210 million. Non-GAAP profits of 45 cents a share were well ahead of guidance of 33 to 36 cents and the Street at 34 cents.

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