Logitech (LOGI) Tops Q2 EPS by 10c

October 26, 2016 8:24 AM EDT

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After the close, Logitech (NASDAQ: LOGI) reported Q2 EPS of $0.35, $0.10 better than the analyst estimate of $0.25. Revenue for the quarter came in at $564 million versus the consensus estimate of $524.55 million.

"We've delivered an outstanding quarter – the highest Q2 retail sales in Logitech’s history – and a first half ahead of expectations," said Bracken Darrell, Logitech president and chief executive officer. "Once more this quarter shows our strategy clearly: new product launches that again demonstrate the power of our innovation engine, ongoing operational excellence, and profitable growth across all our regions and in almost all our market opportunities. As we enter the second half of the year and our biggest quarter, we’ve got momentum, a winning product portfolio and a terrific team."

Outlook

Logitech’s Fiscal Year 2017 outlook is 8 to 10 percent retail sales growth in constant currency and $195 million to $205 million in non-GAAP operating income.

For earnings history and earnings-related data on Logitech (LOGI) click here.



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