Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

Jan. 19, 2021, 3:23 a.m. EST

Logitech International shares jump after lifting outlook

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Logitech International S.A. (LOGN)
  • X
    Logitech International S.A. (LOGI)

or Cancel Already have a watchlist? Log In

By Steve Goldstein

Shares of Logitech International /zigman2/quotes/204771595/delayed CH:LOGN -0.87% /zigman2/quotes/204321690/composite LOGI -3.94% jumped 8% in early Swiss trade as the computer peripheral maker upgraded its 2021 outlook. It now sees 57% to 60% sales growth at constant currencies on $1.05 billion in non-GAAP operating income, compared to its previous outlook of 35% to 40% sales growth and $700 million to $725 million of operating income. Its fiscal third-quarter operating income tripled to $448 million on sales growth of 80% in constant currencies, helped by demand for accessories for webcams and tablets, video conferencing, audio and wearables and gaming.

/zigman2/quotes/204771595/delayed
CH : Switzerland: SWX
CHF 97.68
-0.86 -0.87%
Volume: 259,255
Feb. 26, 2021 11:36a
P/E Ratio
19.29
Dividend Yield
0.81%
Market Cap
CHF16.69 billion
Rev. per Employee
CHF444,902
loading...
/zigman2/quotes/204321690/composite
US : U.S.: Nasdaq
$ 105.83
-4.34 -3.94%
Volume: 1.07M
Feb. 25, 2021 4:00p
P/E Ratio
19.40
Dividend Yield
0.82%
Market Cap
$18.36 billion
Rev. per Employee
$450,887
loading...

Get news alerts on Logitech International S.A. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.