LAUSANNE, Switzerland (AP) — LAUSANNE, Switzerland (AP) — Logitech International SA (LOGI) on Tuesday reported fiscal first-quarter earnings of $146 million.
The Lausanne, Switzerland-based company said it had profit of 98 cents per share. Earnings, adjusted for stock option expense and amortization costs, were $1.26 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The maker of keyboards, webcams and other computer accessories posted revenue of $1.15 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.11 billion.
For the current quarter ending in September, Logitech said it expects revenue in the range of $1.15 billion to $1.19 billion.
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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
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