What happened Shares of Plantronics (NYSE: PLT), which now goes by the name Poly, have skyrocketed today, up by 24% as of 11:50 a.m. EST, after the company reported fiscal third-quarter earnings. It also issued a rosy forecast that impressed investors. So what Adjusted revenue in the fiscal third quarter was $488 million, significantly above the consensus estimate of $430.7 million. That resulted in adjusted earnings per share of $1.47, crushing the $0.94 per share in adjusted profits that Wall Street analysts had been modeling for. The technology company continues to benefit in strong demand for professional headsets amid the ongoing shift to remote work that has been spurred by the COVID-19 pandemic. Image source: Getty Images. "We believe the end markets for professional-grade communications gear have permanently expanded, because work is no longer a place, it's what you do," CEO Dave Shull said in a statement. "In a world less dependent on being in the same room, but still demanding live interaction, the importance of pro-grade, easy-to-use technology that offers a superior remote experience is paramount." Now what On yesterday's conference call with analysts, management acknowledged that Poly is facing supply constraints, but that "bodes well for sell-through and market share growth" in the current quarter. The company offered strong guidance for the fiscal fourth quarter. Adjusted revenue is expected to be in the range of $440 million to $470 million, compared with the consensus estimate of $414.6 million in sales. That should result in adjusted earnings per share of $0.80 to $1, while analysts are looking for $0.81 per share in adjusted profits. 10 stocks we like better than PlantronicsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Plantronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source