Computer parts maker Logitech lifts outlook after upbeat quarter
ZURICH - Computer mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday, after a strong performance across nearly all product categories and a rising contribution from artificial intelligence-equipped devices.
The performance pushed Logitech into a second consecutive quarter of higher group sales, ending a period of lower demand that followed the pandemic-driven sales boom. The company now expects its full-year sales in the range of $4.34-$4.43 billion, up from a previous projection of $4.3-$4.4 billion, and representing an increase of 1-3% from 2024 levels.
The upgrade came after Logitech reported sales rising 12% to $1.1 billion in its first quarter ended June 30, beating the analysts' consensus forecast of $1.025 billion compiled by Visible Alpha.
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