Reported about 22 hours ago
Logitech International reported better-than-expected quarterly results, with non-GAAP operating income reaching $202 million and sales hitting $1.15 billion, both surpassing analyst forecasts. The company benefited from heightened demand for computer peripherals from businesses re-equipping their offices, particularly in the Asia Pacific region. Although faced with challenges like a decrease in gross margin due to tariffs and increased promotional costs, Logitech is adjusting production strategies and pricing to mitigate these impacts, while expecting continued sales growth of 3% to 7% in the following quarter.
Source: YAHOO