Plantronics raises Q4 outlook, pulls dividend; shares +13.8% [Seeking Alpha]
Defiance Leveraged Long Income PLTR ETF (PLT)
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US:NYSE Investor Relations:
investor.plantronics.com
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Source: Seeking Alpha
Tech|On the MovePlantronics raises Q4 outlook, pulls dividend; shares +13.8%Apr. 15, 2020 9:32 AM ETPlantronics, Inc. (PLT)Brandy BetzCiting increased demand for its enterprise headsets, Plantronics (NYSE:now expectsThe company expects non-GAAP EBITDA to come in above the $20-45M guidance for the quarter, which ended on March 28.PLT had $226M in cash and equivalents at quarter's end and plans to defer any debt repayment until Q1 FY21.The company is suspending its quarterly dividend, which will save $25M.Plantronics will report Q4 results on May 12.PLT shares areup 13.8%See all stocks on the move »Now read:Skyworks reports preliminary Q2 results, shares up 5% premarket »
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