Logitech Q3 Earnings Beat Expectations
LAUSANNE, Switzerland, November 17, 2023 (GLOBE NEWSWIRE) -- Logitech International SA (LOGI) today announced its third-quarter financial results, reporting a net income of $200.1 million, or $1.32 per share. Adjusted earnings stood at $1.59 per share, surpassing analyst expectations of $1.38.
Revenue for the quarter totaled $1.34 billion, exceeding market estimates of $1.24 billion. This is attributed to strong demand for Logitech's keyboards, webcams, and other computer accessories.
For the full year, Logitech projects revenue between $4.54 billion and $4.57 billion.
"We are pleased with our strong performance in the third quarter, which reflects the strength and diversity of our business," said Bracken Darrell, Logitech's president and CEO. "Our focus on delivering innovative, high-quality products continues to resonate with customers, and we remain optimistic about the future."