Logitech Q1 adjusted earnings per share beat expectations, revenue grows for the tenth consecutive quarter

Glonghui, July 29 — Logitech released its first quarter results, reporting sales of $1.227 billion, surpassing analysts’ average estimate of $1.204 billion. At fixed exchange rates, sales grew by 5% year-on-year, marking the 10th consecutive quarter of growth. Adjusted earnings per share were $1.85, higher than $1.26 in the same period last year and exceeding analysts’ average estimate of $1.22. For the second quarter outlook, Logitech expects revenue to range from $1.19 billion to $1.22 billion, below analysts’ forecast of $1.23 billion.