Plantronics, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net revenues of $232,933,000 compared to $225,735,000 a year ago. Operating income was $31,858,000 compared to $26,648,000 a year ago. Income before income taxes was $24,963,000 compared to $19,829,000 a year ago. Net income was $22,221,000 or $0.68 per diluted share compared to $16,288,000 or $0.49 per diluted share a year ago. Cash provided by operating activities was $20,887,000 compared to $37,575,000 a year ago. Capital expenditures were $5,412,000 compared to $7,885,000 a year ago. Non-GAAP operating income was $40,722,000 compared to $34,427,000 a year ago. Non-GAAP net income was $26,071,000 or $0.79 per diluted share compared to $27,532,000 or $0.83 per diluted share a year ago.

For the nine months period, the company reported net revenues of $672,222,000 compared to $647,110,000 a year ago. This increase was driven by growth in Consumer product revenues which increased 16% or $27.8 million, driven by increases in gaming and stereo Bluetooth product revenues, slightly offset by a decline in Enterprise net revenues of 1% or $2.7 million.  Operating income was $95,065,000 compared to $90,106,000 a year ago. Income before income taxes was $77,317,000 compared to $70,803,000 a year ago. Net income was $63,082,000 or $1.92 per diluted share compared to $55,412,000 or $1.56 per diluted share a year ago. Cash provided by operating activities was $86,700,000 compared to $104,023,000 a year ago. Capital expenditures were $19,603,000 compared to $20,977,000 a year ago. Non-GAAP operating income was $121,666,000 compared to $114,892,000 a year ago. Non-GAAP net income was $77,938,000 or $2.37 per diluted share compared to $77,498,000 or $2.18 per diluted share a year ago. The increase in GAAP operating income in both the quarter and year-to-date periods was driven primarily by the non-recurrence of restructuring expenses taken in the prior year periods, respectively.

The company provided earnings guidance for the fourth quarter of fiscal year 2017. For the quarter, the company expects net revenues of $213 million to $223 million; GAAP operating income of $29 million to $34 million; non-GAAP operating income of $37 million to $42 million, excluding the impact of $8 million from stock-based compensation. GAAP diluted EPS of $0.53 to $0.63 and non-GAAP diluted EPS of $0.69 to $0.79.

The company expects tax rate guidance to be 25% for the fiscal year 2017.