Logitech International SA (USA) (LOGI) Releases Earnings Results, Beats Expectations By $0.07 EPS

Logitech International SA (USA) (LOGI) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.13. The company posted revenue of $479.86 million in the period, compared to analysts expectations of $436.36 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Logitech International SA (USA) opened for trading at $19.74 and hit $20.2175 on the upside on Thursday, eventually ending the session at $20.07, with a gain of 12.69% or 2.26 points. The heightened volatility saw the trading volume jump to 24,45,894 shares. Company has a market cap of $3,246 M.

In a different news, on Aug 18, 2015, Bracken Darrell (CEO) purchased 3,700 shares at $13.40 per share price. According to the SEC, on Aug 3, 2015, Daniel Borel (director) sold 150,000 shares at $14.27 per share price. On May 29, 2015, Matthew Bousquette (director) sold 60,000 shares at $16.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Logitech International SA (Logitech) is a Switzerland-based company that together with its subsidiaries develops and markets hardware and software products that enable or enhance digital navigation music and video entertainment gaming social networking and audio and video communication over the Internet. Logitech has two operating segments: peripherals and video conferencing. The peripherals segment encompasses the design manufacturing and marketing of peripherals for personal computers (PCs) tablets and other digital platforms. The video conferencing segment systems with integrated monitors video bridges and other infrastructure software and hardware to support video deployments as well as provides services to support these products. Logitech sells its peripheral products to a network of distributors retailers and original equipment manufacturers (OEMs) and sells its video conferencing products and services to distributors resellers and OEMs among others.

Logitech International SA (USA)

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