Logitech: Fiscal Q2 Earnings Snapshot

LAUSANNE, Switzerland (AP) — LAUSANNE, Switzerland (AP) — Logitech International SA (LOGI) on Monday reported fiscal second-quarter net income of $145.5 million.

On a per-share basis, the Lausanne, Switzerland-based company said it had profit of 95 cents. Earnings, adjusted for stock option expense and pretax expenses, were $1.20 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The maker of keyboards, webcams and other computer accessories posted revenue of $1.12 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.09 billion.

Logitech expects full-year revenue in the range of $4.39 billion to $4.47 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOGI at https://www.zacks.com/ap/LOGI

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up