Logitech beats profit forecast as gaming and conferencing sales rise
LOGI•Logitech reported second-quarter non-GAAP operating income of $231 million, above the $204 million analyst forecast and its own guidance range of $185 million to $210 million. Sales rose 3% to $1.22 billion, in line with forecasts.
1. Quarterly results
Logitech reported non-GAAP operating income of $231 million for the three months ended September, beating analyst forecasts and its guidance range. Sales rose 3% to $1.22 billion, matching forecasts and reaching the upper end of the company's outlook. The company said demand was higher for its gaming and video conferencing devices.
