hit third-quarter targets, guided revenue higher for next period and said it won't repatriate any foreign earnings under the American Jobs Creation Act.
The Santa Cruz, Calif., company made $22 million, or 46 cents a share, down from the year-ago $24 million, or 48 cents a share. Revenue rose to $223 million from $151 million a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 39 cents a share on revenue of $202 million.
The company said it expects to make 39 cents to 44 cents a share for the fourth quarter on revenue of $200 million to $210 million. Analysts were looking for 41 cents on $194 million.
The company's audio communications group posted record revenue of $161.5 million, up 7% from the year-ago quarter. Revenue growth was driven by wireless office headsets, which represented about 25% of total ACG revenues in comparison to 13% a year ago.
Revenue from Bluetooth headsets for cell-phone applications were up sharply vs. a year ago, though revenues from corded mobile headsets were down, resulting in lower overall revenues from mobile headsets in comparison to the third quarter a year ago.
Gaming and computer product revenues were down in comparison to the all-time high reached in the third quarter of 2005, which had been primarily driven by the exclusive promotion of a gaming headset for use with