Logitech International Q2 EPS $1.09 Beats $0.60 Estimate, Sales $1.06B Beat $966.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Logitech International (NASDAQ:LOGI) reported Q2 earnings of $1.09 per share, beating the analyst consensus estimate of $0.60 by 81.67%. This is a 29.76% increase from the same period last year. The company also reported quarterly sales of $1.06 billion, beating the analyst consensus estimate of $966.17 million by 9.40%. However, this is an 8.00% decrease from the same period last year.
October 24, 2023 | 2:13 am
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POSITIVE IMPACT
Logitech's Q2 earnings and sales beat analyst estimates, but sales decreased compared to the same period last year.
Logitech's earnings beat analyst estimates, which is generally a positive signal for the stock. However, the decrease in sales compared to the same period last year could be a concern for investors, potentially limiting the positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100