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LAUSANNE, Switzerland - Logitech (SIX:LOGN) International (NASDAQ:LOGI) reported better-than-expected third quarter results and raised its full-year guidance, sending shares up 1.2% in after-hours trading on Tuesday.
The computer peripherals maker posted adjusted earnings per share of $1.59, surpassing analyst estimates of $1.37. Revenue rose 7% YoY to $1.34 billion, beating the consensus forecast of $1.25 billion.
Logitech’s gaming segment was a key driver, with sales near pandemic-high levels thanks to new product launches ahead of the holiday season. The company also saw strong performance in its premium Pro Gaming and MX portfolios.
"We’re excited to deliver strong, profitable growth once again, in our biggest quarter of the year," said CEO Hanneke Faber. "Our growth was driven by our strategic priorities. We delivered superior innovation."
Gross margin expanded 90 basis points YoY to 43.2% on a non-GAAP basis, reflecting improved operational discipline.
Looking ahead, Logitech raised its fiscal 2025 outlook, now expecting revenue of $4.54-4.57 billion, up from its previous forecast of $4.39-4.47 billion and above analyst projections of $4.465 billion. The company also boosted its non-GAAP operating income guidance to $755-770 million.
CFO Matteo Anversa said the strong Q3 demand and continued promotional and operational discipline "give us confidence about the trajectory of our business."
The modest 1.2% share price increase suggests investors were largely anticipating the positive results. Logitech’s ability to grow sales and expand margins in a challenging economic environment appears to be resonating with the market.
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