Logitech delivered a stronger than expected performance in Q3 22, beating consensus estimates across the board. The growth areas remained fairly similar but margins came under pressure due to higher operating expenses along with higher freight costs and supply-chain disruptions. CFO was robust and the company used some of it to buy back shares. The company also fine-tuned its revenue outlook and raised its profitability guidance, which is a clear positive and should allay any concerns about Q4 2 ....
25 Jan 2022
Logitech delivers, outlook revised
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Logitech delivers, outlook revised
Logitech International S.A. (LOGN:SWX) | 0 0 0.0%
- Published:
25 Jan 2022 -
Author:
Kulwinder Rajpal -
Pages:
3
Logitech delivered a stronger than expected performance in Q3 22, beating consensus estimates across the board. The growth areas remained fairly similar but margins came under pressure due to higher operating expenses along with higher freight costs and supply-chain disruptions. CFO was robust and the company used some of it to buy back shares. The company also fine-tuned its revenue outlook and raised its profitability guidance, which is a clear positive and should allay any concerns about Q4 2 ....