Logitech: stock up after trading update
(CercleFinance.com) - The share of Swiss group Logitech is up 1.
2% in Zurich on Tuesday, after the computer accessory maker presentated Q3 adjusted EPS that is up 6% to 84 cents, with an adjusted operating profit that is also up 6% at 152 million dollars.
At 903 million dollars, sales increased by 4% in gross terms and are up 5% at constant exchange rates, thus coming in above expectations, despite the trade war between the US and China, broker Aurel BGC says.
For the full-year, Logitech confirms that it expects sales growth at constant exchange rates to be mid-to-high single-digits, with an adjusted operating profit of between 375 million and 385 million dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
2% in Zurich on Tuesday, after the computer accessory maker presentated Q3 adjusted EPS that is up 6% to 84 cents, with an adjusted operating profit that is also up 6% at 152 million dollars.
At 903 million dollars, sales increased by 4% in gross terms and are up 5% at constant exchange rates, thus coming in above expectations, despite the trade war between the US and China, broker Aurel BGC says.
For the full-year, Logitech confirms that it expects sales growth at constant exchange rates to be mid-to-high single-digits, with an adjusted operating profit of between 375 million and 385 million dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.