Logitech International Q1 EPS $0.65 Beats $0.45 Estimate, Sales $974.50M Beat $912.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Logitech International (NASDAQ:LOGI) reported Q1 earnings of $0.65 per share, beating the analyst consensus estimate of $0.45 by 44.44%. However, this is a 12.16% decrease from the same period last year. The company also reported quarterly sales of $974.50 million, beating the analyst consensus estimate of $912.30 million by 6.82%, but this is a 15.99% decrease from the same period last year.
July 25, 2023 | 5:33 am
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Logitech's Q1 earnings and sales beat estimates but decreased from the same period last year. This mixed result could lead to uncertain short-term price movements.
While Logitech beat analyst estimates for both earnings and sales, the year-over-year decreases in these figures could cause some investor concern. This mixed result could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100