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Plantronics profit misses consensus by 30.5% in fiscal Q3

Plantronics Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 53 cents per share, compared with the S&P Capital IQ consensus estimate of 76 cents per share.

EPS fell year over year from 54 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $17.6 million, a decrease of 23.7% from $23.1 million in the year-earlier period.

The normalized profit margin fell to 7.8% from 10.0% in the year-earlier period.

Total revenue fell year over year to $225.7 million from $231.8 million, and total operating expenses declined year over year to $190.7 million from $192.8 million.

Reported net income decreased 46.2% on an annual basis to $16.3 million, or 49 cents per share, from $30.3 million, or 71 cents per share.