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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines