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UPDATE: Logitech Posts Upbeat FQ2 Profit

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Logitech International SA (NASDAQ: LOGI) reported upbeat profit in its fiscal second quarter.

Logitech's quarterly net profit rose to $55 million, from $17.4 million, in the year-ago period. However, analysts were expecting a net profit of $18.3 million.

Its sales dropped to $548 million from $589.2 million, versus analysts' estimates of $580 million.

Logitech shares closed at $8.76 yesterday.

Posted-In: profitEarnings News

 

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