FX.co ★ Logitech Q2 Profit Beats View; Lifts FY Outlook

Logitech International S.A. (LOGI) announced an increase in its net income for the second quarter, reaching $145.48 million or $0.95 per share, compared to $137.12 million or $0.86 per share in the corresponding quarter of the previous year.

The company's Non-GAAP earnings per share rose to $1.20, a 10 percent increase from the previous year. This surpassed the expectations of analysts surveyed by Thomson Reuters, who had anticipated earnings of $1.11 per share for the second quarter. Generally, analysts' forecasts exclude special items.

Sales for the second quarter amounted to $1.12 billion, marking a 6 percent increase both in US dollars and in constant currency compared to the year prior. Analysts had projected revenue of $1.12 billion for this quarter.

Looking ahead, Logitech has revised its fiscal year 2025 outlook upward. It now anticipates annual non-GAAP operating income to fall between $720 million and $750 million, up from the previous forecast of $700 million to $730 million.

Additionally, the company has adjusted its annual sales projections upward to a range of $4.39 billion to $4.47 billion, from the earlier estimate of $4.34 billion to $4.43 billion.

LOGI shares concluded Monday's trading session at $91.81, reflecting a rise of $3.18 or 3.59%.