Logitech Lowers Profit Outlook On Coronavirus Concerns [The Motley Fool]
Logitech International S.A. - Registered Shares (LOGI)
Last logitech international s.a. - registered shares earnings: 1/20 09:00 pm
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Source: The Motley Fool
Logitech Lowers Profit Outlook On Coronavirus Concerns The revision is small which should encourage investors who are worried about the virus' impact on business. Logitech International ( NASDAQ:LOGI ) has experienced strong growth from its video collaboration and gaming business, but on Tuesday, the company warned that the outbreak of COVID-19 will ding its operating profit in the short term. While management reaffirmed its net sales outlook, they lowered the outlook for operating profit for fiscal 2020 to a range of $365 million to $375 million on a non- GAAP basis. This is only slightly down from the previous range of $375 million to $385 million. Investors are on pins and needles over the spread of the coronavirus and its potential impact on the economy, especially supply chain disruptions. But investors should feel confident that Logitech is only expecting a small impact to its bottom line. CEO Bracken Darrell cited the supply chain uncertainties for the lower guidance, but als
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News
- Logitech International S.A. (NASDAQ: LOGI) was upgraded by analysts at UBS Group AG from a "sell" rating to a "neutral" rating.MarketBeat
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LOGI
Earnings
- 10/21/24 - Beat
LOGI
Sec Filings
- 10/28/24 - Form 4
- 10/24/24 - Form 10-Q
- 10/22/24 - Form 8-K
- LOGI's page on the SEC website