Logitech International SA 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in