Logitech beats forecasts after US tariff

Logitech International reported better-than-expected quarterly sales and profit on Tuesday, helped by a big refund of tariffs imposed under U.S. President Donald Trump.

The Swiss-U.S. maker of computer mice, keyboards and headsets reported non-GAAP adjusted operating income of $290 million for the three months to end-June, up 44% from a year earlier and well ahead of analysts' forecast of $209 million.

Results were boosted by a $61 million tariff refund related to products made in China, Vietnam, Malaysia, Mexico, Thailand and Taiwan and shipped to the United States, Logitech's largest market.