Markets

Stock Alert: Logitech Soars On Upbeat Q2 Results, Outlook

(RTTNews) - Shares of computer peripherals and software maker Logitech International S.A. (LOGI) are up more than 15% Tuesday morning on better-than-expected second-quarter results. The company also raised its annual revenue outlook.

The stock touched a new high of $95.14 this morning.

Logitech's EPS on an adjusted basis in the second quarter grew 274 percent to $1.87, from $0.50 in the same quarter a year ago.

Sales for the quarter rose 75% year-over-year at $1.26 billion, first time crossing $1 billion in quarterly sales.

Logitech expects sales for the full year to be in the range of $700 million to $725 million, up from $410 million to $425 million provided earlier.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

LOGI

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More