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Plantronics Shares Soar After Fiscal 4Q

Stock quotes in this article: PLT  

NEW YORK (AP) — Plantronics Inc. shares spiked Wednesday after the headset maker blew past Wall Street expectations for its fiscal fourth-quarter earnings and sales.

The Santa Cruz, Calif.-based company reported Tuesday that it lost $11 million, or 23 cents per share, reversing a year-ago profit of $17.8 million, or 36 cents per share.

Excluding one time costs, however, Plantronics made a penny per share, well above the loss of 16 cents analysts predicted, according to a Thomson Reuters survey. Analysts typically exclude special items. ...

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