Logitech: Q3 Earnings Outperform; 2022 Guidance Raised
January 25 2022 - 07:16AM
TipRanks
Logitech International (NASDAQ: LOGI) has posted upbeat
earnings for the third quarter of Fiscal Year 2022. Moreover, the
company has increased the annual guidance for sales and
earnings. Following the news, shares of the
Switzerland-based manufacturer of computer peripherals and
software gained more than 8% in the pre-market trading
session, at the last watch. Results in Detail
Logitech reported adjusted earnings of $1.55 per share,
topping analysts’ expectations of $1.22 per share. The company
reported earnings of $2.45 per share in the same quarter last
year. Meanwhile, total sales of $1.63 billion declined
2% year-over-year but surpassed the Street’s estimate of $1.5
billion. Product-wise, net sales from Keyboards &
Combos increased 29% year-over-year to $281.
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