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.

Read the rest of this post

Tagged with: Barrons, California, Eric Savitz, frontpage, hands-free, Plantronics, Tech Trader Daily, Washington

comments so far. Add yours.

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.