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.

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Source Fool.com