Logitech shares jump on earnings beat, hiked guidance

Shares of Logitech International /zigman2/quotes/204771595/delayed CH:LOGN -1.60% /zigman2/quotes/204321690/composite LOGI -3.94% jumped 15% in Swiss trade after the computer peripheral maker said its fiscal second-quarter profit jumped to $266.9 million from $72.9 million, as sales surged 75% to $1.26 billion. On an adjusted basis, Logitech said it earned $1.87 a share. Analysts polled by FactSet had expected earnings of $1.70 a share on sales of $1.14 billion. Logitech hiked its annual guidance, now seeing between 35% and 40% sales growth at constant currencies and operating income between $700 million to $725 million, versus its previous outlook of sales growth between 10% and 13% and a range of $410 million to $425 million in operating income.

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Logitech International S.A.

CH : Switzerland: SWX

CHF 96.96

-1.58 -1.60%

Volume: 199,898

Feb. 26, 2021 10:52a

P/E Ratio

19.15

Dividend Yield

0.82%

Market Cap

CHF16.69 billion

Rev. per Employee

CHF444,902

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Logitech International S.A.

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