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26th July 2012, 08:56 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,597
| Logitech Announces First Quarter Results for FY 2013 Logitech International today announced financial results for the first quarter of Fiscal Year 2013. Sales for Q1 FY 2013 were $469 million, down 2 percent from $480 million in Q1 FY 2012. Excluding the unfavorable impact of exchange rates, sales were flat compared to the prior year. The Company posted an operating loss of $59 million compared to an operating loss of $45 million in the same quarter a year ago. Included in Logitech's Q1 FY 2013 operating loss is a previously announced restructuring charge of $31 million included in operating expenses as well as $3 million in restructuring-related costs included in cost of goods sold. The net loss for Q1 FY 2013 was $52 million ($0.32 per share) compared to a net loss of $30 million ($0.17 per share) in Q1 FY 2012. http://www.techpowerup.com/169537/Lo...r-FY-2013.html |
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