Logitech International Analysts Slash Their Forecasts Following Q2 Results
Portfolio Pulse from Avi Kapoor
Logitech International reported better-than-expected Q2 FY25 results, with revenue and EPS surpassing consensus estimates. Despite raising its FY25 sales outlook, analysts have lowered their price targets for the stock. Logitech shares fell 4.4% following the earnings announcement.
October 23, 2024 | 6:12 pm
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Logitech International reported Q2 results that exceeded expectations, with revenue and EPS beating consensus. The company raised its FY25 sales outlook, but analysts lowered their price targets, leading to a 4.4% drop in share price.
Despite better-than-expected Q2 results and an increased FY25 sales outlook, analysts lowered their price targets for Logitech, indicating potential concerns about future performance. This led to a 4.4% drop in share price, suggesting a negative short-term impact.
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