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Logitech shares rise as Q1 sales, profit increase
Logitech shares rise as Q1 sales, profit increase-November 2024
Nov 23, 2024 2:00 PM

  Computer and video game peripheral maker Logitech yesterday announced its greater-than-expected earnings from its first fiscal quarter, which sent the company's shares climbing 9 percent. So far the company has earned $30.1 million in its first quarter, ended June 30, a 35 percent improvement from the same period last year. Sales increased to $393 million from first-quarter 2005's $335 million, an 18 percent gain. Logitech said it expects growth of 15 percent for the entire fiscal year. News of the company's profit caused its shares to close today at $19.77, from its Wednesday amount of about $18.

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