Logitech (LOGI) reported mixed fiscal second-quarter results topping revenue estimates but missing earnings expectations. Shares of the computer peripherals and software manufacturer closed up 1.3% on Thursday at $84.30. In Q2, adjusted earnings of $1.05 per share fell short of the consensus estimate of $1.10 per share. The company reported earnings of $1.56 per share in the prior-year period. However, revenues of $1.31 billion were up 4% from the previous year’s quarter and surpassed the Street’s estimates of $1.27 billion. (See Logitech stock charts on TipRanks) Notably, Logitech reaffirmed its guidance for Fiscal 2022. The company expects flat sales growth in constant currency with a probable variation of nearly 5%.
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Logitech (NASDAQ:LOGI)
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