Logitech (LOGI) stock surges as gross margin expansion drives Q4 beat
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Go back to Logitech (LOGI) stock surges as gross margin expansion drives Q4 beat
May 1, 2024 6:11 AM EDT
JPMorgan analyst Samik Chatterjee downgraded Logitech International (NASDAQ: LOGI) from Overweight to Neutral with a price target of $85.00 (from $92.00).
The analyst comments "We are downgrading shares of Logitech, even as the quarter showed continued signs of robust execution, as we believe the rebound of the product portfolio to healthy growth in the medium term will remain constrained by a challenging macro and efforts to drive growth will likely need to return to robust promotional levels. Logitechs execution in recent quarters in relation to driving the balance of both revenue and gross margin has... More
April 30, 2024 5:43 AM EDT
Logitech (NASDAQ: LOGI) reported Q4 EPS of $0.99, $0.31 better than the analyst estimate of $0.68. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $957.77 million.
For earnings history and earnings-related data on Logitech (LOGI) click here.
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April 29, 2024 9:03 PM EDT
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full Fiscal Year 2024 ended March 31, 2024.
For Q4 Fiscal Year 2024:
Sales were $1.01 billion, up 5 percent in US dollars and 5 percent in constant currency, compared to Q4 of the prior year.GAAP operating income was $130 million, up 235 percent, compared to Q4 of the prior year. Non-GAAP operating income was $159 million, up 93 percent, compared to Q4 of the prior year.GAAP...
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