Logitech International S.A. - Registered Shares (LOGI) Company Bio
Logitech International develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet and home-entertainment control worldwide. The company was founded in 1981 and is based in Apples, Switzerland.
In his first "Executive Decision" segment of Mad Money Tuesday night, host Jim Cramer spoke with Bracken Darrell, president and CEO of Logitech International , the computer peripherals maker. The company just posted sales up a staggering 85%, but the shares responded by falling 3.1% as investors assumed that Logitech's sales will begin to cool as the world returns to normal. Darrell said as the world returns to work, many employees will return to a hybrid model where they spend some days at the office and other days at home.
Logitech (LOGI): FQ3 Non-GAAP EPS of $2.45 beats by $1.44; GAAP EPS of $2.22 beats by $1.33.Revenue of $1.67B (+85.0% Y/Y) beats by $420M.Cash flow from operations was $530M, compared to $181Min the same period a year ago.Outlook: Logitech raised its Fiscal Year 2021 annual outlook to between 57% and...
Logitech International reported better-than-expected 3Q results. Furthermore, the software and computer peripherals manufacturer raised its 2021 forecast for sales and operating income citing increased demand for its products amid the coronavirus pandemic. Logitech’s (LOGI) 3Q earnings of $2.45 per share soared 192% year-over-year and topped the Street consensus of $1.01 per share. Sales jumped 85% to $1.67 billion year-over-year and exceeded analysts' estimates of $1.25 billion. The company’s adjusted operating income more than doubled to $476 million. Logitech’s CEO Bracken Darrell said, “This quarter’s record results demonstrate the strength of our portfolio, addressing long-term growth trends in remote work and education, video collaboration, esports, and digital content creation.