Bulletin
Investor Alert

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 +1.57% /zigman2/quotes/204321690/composite LOGI -0.52% 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 98.54
+1.52 +1.57%
Volume: 1.36M
March 1, 2021 5:31p
P/E Ratio
19.46
Dividend Yield
0.81%
Market Cap
CHF16.38 billion
Rev. per Employee
CHF444,902
loading...
/zigman2/quotes/204321690/composite
US : U.S.: Nasdaq
$ 107.48
-0.56 -0.52%
Volume: 1.21M
March 1, 2021 4:00p
P/E Ratio
19.70
Dividend Yield
0.81%
Market Cap
$18.10 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.