Logitech Raises Its H1 2024 Outlook, Sees Sales Of $1.875B - $1.975B (Prior $1.8B - $1.9B); For FY24 Expects Sales Of $3.8B-$4B Vs. $4.1B Estimate
Portfolio Pulse from Benzinga Newsdesk
Logitech has raised its H1 2024 outlook, expecting sales of $1.875B - $1.975B, up from the previous estimate of $1.8B - $1.9B. The company also provided an estimated full-year outlook for FY24, expecting sales of $3.8B-$4B, which is slightly lower than the $4.1B estimate.
July 25, 2023 | 5:42 am
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Logitech has raised its H1 2024 sales outlook, which could positively impact its stock price. However, the FY24 sales estimate is slightly lower than expected, which could have a negative effect.
The raised H1 2024 sales outlook indicates that Logitech is expecting better performance, which could boost investor confidence and drive the stock price up. However, the lower than expected FY24 sales estimate could dampen investor sentiment and put downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100