Why Shares of Plantronics Jumped Today
Plantronics (NYSE: PLT) stock spiked today after the company reported better-than-expected second-quarter results.
The tech stock's shares soared by as much as 24.5% this morning but were up 10.1% as of 11:32 a.m. EDT.
Plantronics, which operates under the Poly brand, reported adjusted diluted earnings per share of $0.93, which beat Wall Street's consensus estimate of $0.48 per share. Additionally, the company's second-quarter sales of $411 million outpaced analysts' consensus estimate of $376 million.
Source Fool.com