It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Logitech doing better than expected Logitech doing better than expected
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Logitech doing better than expected
Reply
 
Thread Tools
Old 23rd January 2019, 07:23   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 114,527
Stefan Mileschin Freshly Registered
Default Logitech doing better than expected

Gaming-powered third quarter

Logitech raised its full-year profit outlook thanks to strong growth in its gaming hardware business.

The mouse maker saw strong sales of its gaming products such as superfast keyboards, headphones and computer mouse used in multi-player online games like League of Legends and Fortnite.

Chief Executive Officer Bracken Darrell said Logitech’s diverse portfolio drove double-digit growth across gaming, video collaboration and creativity & productivity.

The company now expects its fiscal year 2019 non-GAAP operating income to be between $340 million and $345 million, up from its previous guidance of $325 million-$335 million.

Logitech expects sales to grow between 9 per cent and 11 per cent in constant currency during the fiscal year, which runs to the end of March.

The company had raised its guidance earlier in July, following big increases in sales of its products used in video collaboration, gaming and for computer tablets.

For third quarter ended 31 December, net income rose to $112.8 million, beating forecasts of $99.3 million in a Reuters poll of analysts.

Net sales rose 8 percent to $864.4 million in the quarter, traditionally Logitech’s biggest sales period, beating predictions of $852 million. Sales from its gaming business rose 23 percent to 213.7 million.

https://fudzilla.com/news/47988-logi...-than-expected
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
HP doing better than expected Stefan Mileschin WebNews 0 31st May 2018 06:02
Rovio does better than expected Stefan Mileschin WebNews 0 18th May 2018 09:18
LG does better than expected Stefan Mileschin WebNews 0 11th April 2017 05:00
LG G6 expected at MWC 17 Stefan Mileschin WebNews 0 20th January 2017 13:17
IBM doing a little better than expected Stefan Mileschin WebNews 0 18th October 2016 12:11
HP does better than expected Stefan Mileschin WebNews 0 29th August 2016 05:37
LG did better than expected Stefan Mileschin WebNews 0 30th October 2015 07:52
Logitech Launches First-of-Its-Kind Logitech G Tunable Gaming Mouse Stefan Mileschin WebNews 0 9th April 2014 07:21
Microsoft does better than expected Stefan Mileschin WebNews 0 27th January 2014 07:20
Nvidia does better than expected Stefan Mileschin WebNews 0 13th May 2013 06:47

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 04:03.


Powered by vBulletin® - Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO