Logitech CEO Says Company Raised Guidance On Back Of Stronger Demand And Better Profit Margins; Significant Part Of Demand Growth Is Due To New Products
Portfolio Pulse from Benzinga Newsdesk
Logitech has raised its guidance due to stronger demand and improved profit margins, driven significantly by new products. This was revealed in a Reuters interview with the company's CEO.
October 22, 2024 | 2:30 pm
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Logitech has increased its financial guidance, citing stronger demand and improved profit margins, largely due to the success of new products.
The company's decision to raise guidance indicates a positive outlook, likely boosting investor confidence and potentially driving the stock price up. The mention of new products contributing to demand growth suggests successful innovation, which is a positive indicator for future performance.
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