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Monday, January 22, 2018

-=Logitech International SA (LOGI) reported earnings on Mon 22 Jan 2018 (a/h)

LAUSANNE, Switzerland (AP) _ Logitech International SA (LOGI) on Monday reported fiscal third-quarter profit of $80.8 million.
On a per-share basis, the Lausanne, Switzerland-based company said it had net income of 48 cents. Earnings, adjusted for pretax expenses and stock option expense, came to 65 cents per share.
The maker of keyboards, webcams and other computer accessories posted revenue of $812 million in the period.
Gaming surged 62.1% year over year to $ 173.8 million, driven by strong momentum across its fresh products. Meanwhile, Video Collaboration grew 29.2% to $46.3 million, aided by broad-based growth in all three markets. Additionally, the Music business, which comprises Mobile Speakers units and Audio-PC & Wearables, witnessed impressive performance. Audio PC & Wearables sales surged 25.6% to $84.4 million, while Mobile Speaker segment experienced an increase in sales of 38.3% to $147.4 million. In addition, smart home category witnessed sales growth of 43.9% to $38.7 million.
Logitech shares have risen 12 percent since the beginning of the year. The stock has climbed 49 percent in the last 12 months.

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