Swiss-American science accessories maker Logitech worldwide
(LOGN.S) mentioned late Wed its quarterly operational revenue fell one.5
proportion, as powerful twelve months-finish demand for additional moderen
track and video accessories didn't offset shrinking demand for pc add-ons.
It aforementioned a non-GAAP operating profit of $seventy
four.2 million for the commercial enterprise zero.33 quarter concluded Dec. 31,
a decline from $seventy eight.6 million, reflective the move to exit its
ancient electronic device business over the past year.
The results beat analyst revenue forecasts.
Analysts are probing for associate degree running profit of
$seventy 3.11 million, on common, to keep with Thomson Reuters I/B/E/S info.
Net income within the Dec quarter rose regarding three p.c
to $621.1 million as compared with the mean estimate via analysts of $631.6
million.
Logitech has refocused on new accent strains like wireless
music speakers, video conferencing and game controllers, compensatory a lay
decline privately pc systems and demand for its mice and keyboards that
outlined the complete for many years.
No comments:
Post a Comment