Logitech Smashes Earnings Expectations and Boosts Guidance. The Stock Jumps.

Australia News News

Logitech Smashes Earnings Expectations and Boosts Guidance. The Stock Jumps.
Australia Australia Latest News,Australia Australia Headlines

Sales fall 8% from a year earlier to $1.06 billion, but still exceed analysts' estimates.

Logitech, the Swiss-American maker of computer keyboards and peripherals, was rising early Tuesday after reporting earnings that exceeded expectations.

Consumers splashed on Logitech’s accessories during the work-from-home boom during the pandemic and have since reined in spending. But the company has managed to boost profits by cutting costs and reducing outlays for logistics and promotions.

 

Australia Australia Latest News, Australia Australia Headlines



Render Time: 2025-01-10 01:53:22