Plantronics Q3 Worse Than Forecast; Outlook Even Uglier
These are troubled times for the headset maker, Plantronics (PLT).
The company this afternoon posted revenue for its fiscal third quarter ended December of $182.8 million, a GAAP loss of $1.90 a share and a non-GAAP profit of eight cents a share. Less than two weeks ago, the company had said it expected revenue of $184 million, a GAAP loss of 94 cents to $1.20 a share, and a non-GAAP profit of 11-12 cents a share.
Plantronics is having issues in most of its businesses. Overall, revenues were down 22.1 percent. Office and contact center products were down 22.4 percent. Office corded products were down 21 percent; office cordless products were down 24 percent. Bluetooth headset products were down 22 percent. Gaming and computer products were down 18 percent.
