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

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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.

 

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