Logitech Raises FY24 Revenue Guidance Outlook From $3.8B-$4B To $4B-$4.15B Vs $4.02B Est.
Portfolio Pulse from Benzinga Newsdesk
Logitech has raised its full-year outlook for Fiscal Year 2024. The company now expects revenues to be between $4.0 billion and $4.15 billion, up from the previous estimate of $3.8 billion to $4.0 billion. Non-GAAP operating income is also expected to increase to $525 million - $575 million from the previous $400 million - $500 million.
October 24, 2023 | 2:28 am
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Logitech's raised FY24 revenue guidance and expected increase in Non-GAAP operating income could potentially lead to a positive impact on its stock price.
Logitech's raised revenue guidance for FY24 and expected increase in Non-GAAP operating income indicates a positive financial outlook for the company. This could potentially lead to increased investor confidence and a positive impact on the company's stock price.
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