Logitech Q2 Sales Beats By A Whisker, Ups FY25 Sales Forecast But Lags Behind Expectations
Portfolio Pulse from Lekha Gupta
Logitech International S.A. (NASDAQ:LOGI) reported Q2 FY25 results with a slight revenue beat and raised its FY25 sales forecast. Despite positive earnings and increased sales across categories, shares fell 9.38% due to the forecast lagging behind expectations.
October 22, 2024 | 1:46 pm
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Logitech's Q2 FY25 results showed a slight revenue beat and raised sales forecast, but shares fell 9.38% as the forecast lagged behind expectations. Despite growth in sales and improved margins, the market reacted negatively.
Logitech reported a slight revenue beat and raised its FY25 sales forecast. However, the forecast still lagged behind market expectations, leading to a 9.38% drop in share price. The market's negative reaction suggests that investors were expecting a more optimistic outlook. Despite positive earnings and increased sales across categories, the forecast's failure to meet expectations was the likely cause of the share price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100