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Logitech: Fiscal 3Q Earnings Snapshot

LAUSANNE, Switzerland (AP) _ Logitech International SA (LOGI) on Monday reported fiscal third-quarter net income of $112.8 million.

The Lausanne, Switzerland-based company said it had profit of 67 cents per share. Earnings, adjusted for one-time gains and costs, came to 79 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The maker of keyboards, webcams and other computer accessories posted revenue of $864.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $863.4 million.

Logitech shares have climbed 7 percent since the beginning of the year. The stock has decreased 10 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOGI at https://www.zacks.com/ap/LOGI