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

Logitech International shares jump after lifting outlook

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By Steve Goldstein

Shares of Logitech International /zigman2/quotes/204771595/delayed CH:LOGN -2.17% /zigman2/quotes/204321690/composite LOGI -2.18% 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 71.12
-1.58 -2.17%
Volume: 1.01M
Dec. 3, 2021 5:30p
P/E Ratio
14.45
Dividend Yield
1.23%
Market Cap
CHF11.93 billion
Rev. per Employee
CHF538,818
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/zigman2/quotes/204321690/composite
US : U.S.: Nasdaq
$ 77.56
-1.73 -2.18%
Volume: 539,420
Dec. 3, 2021 4:00p
P/E Ratio
14.31
Dividend Yield
1.22%
Market Cap
$12.97 billion
Rev. per Employee
$583,587
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