On October 28, Logitech International SA fell 5.2% in After-Hours Trading, with shares at $106.3 and turnover of $2.72 million.
The key catalyst was the company’s fiscal Q2 report: adjusted earnings and revenue both exceeded market expectations, and its fiscal Q3 revenue guidance also came in above consensus, even as the stock moved lower after the release.
For the quarter ended September 30, Logitech International SA reported non-GAAP diluted EPS of $1.51 versus $1.45 a year earlier, ahead of expectations ranging from $1.26 to $1.30. Revenue rose to about $1.22 billion from $1.19 billion a year earlier, also slightly above forecasts near $1.21 billion. The company said it expects fiscal Q3 revenue of $1.36 billion to $1.43 billion, compared with analyst expectations of about $1.30 billion. Recent context also shows investors have remained attentive to supply-chain pressures after management previously warned that chip shortages may persist.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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