Computer peripherals and software manufacturer Logitech (LOGI) has reported better-than-expected fiscal first-quarter results on impressive revenue growth. Adjusted earnings came in at $1.22 per share, and surpassed the consensus estimate of $0.96 per share. Also, it compares favorably with $0.64 per share reported in the same quarter last year. Q1 revenues of $1.3 billion were up 66% (on a reported basis) from the previous year’s quarter, and surpassed the Street's estimates of $1.2 billion. Gaming, video collaboration and PC webcams product categories witnessed sales growth of over 80%. (See Logitech stock chart on TipRanks) The President and CEO of Logitech, Bracken Darrell, said, “Our key categories grew high double digits.
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Logitech (NASDAQ:LOGI)
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