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Logitech Q2 Results Top Estimates, Backs 2015 Outlook
(RTTNews.com) - Computer interface devices manufacturer Logitech International S.A. ( LOGI ) reported Wednesday a profit for the second quarter that more than doubled from last year, despite a revenue drop, reflecting improved gross and lower expenses.
Adjusted earnings per share and quarterly revenues topped analysts' expectations. Looking ahead, Logitech reaffirmed its sales guidance for the full-year 2015.
"Our performance in Q2 shows continued progress toward our full-year objectives, with growth in retail sales, better-than-expected profitability and improved cash generation," President and CEO Bracken Darrell said in a statement.
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