UPDATE: Logitech Posts Upbeat FQ2 Profit
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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.