Logitech International S.A. (NASDAQ:LOGI) is reporting second quarter financial results on Monday 19th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, LOGI is expected to report 2Q21 income of $ 0.57 per share from revenue of $ 834.55 million.
For the full year, analysts anticipate top line of $ 3351.78 million, while looking forward to income of $ 2.32 per share bottom line.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 3,273.00 million ~ $ 3,363.00 million
Click Here For More Historical Outlooks Of Logitech International S.A.
Previous Quarter Performance
Logitech International S.A. revealed income for the first quarter of $ 0.64 per share, from the revenue of $ 791.89 million. The quarterly earnings 64.10 percent while revenues boosted 25.23 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.34 per share from $ 689.20 million in revenue. The bottom line results beat street analysts by $ 0.3 or 88.24 percent, at the same time, top line results outshined analysts by $ 102.69 million or 14.90 percent.
Stock Performance
On Friday, shares of Logitech International S.A. has traded high as $ 80.88 and has cracked $ 79.79 on the downward trend, reaching $ 79.83 with volume of 297.00 thousand shares.
According to the previous trading day, closing price of $ 79.83, representing a 154.32 % increase from the 52 week low of $ 31.37 and a 2.4 % decrease over the 52 week high of $ 81.74.
The company has a market capital of $ 13.53 billion and is part of the Technology sector and Computer Systems industry.
Conference Call
Logitech International S.A. will be hosting a conference call at 8:30 AM eastern time on 20th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.logitech.com
Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups. It also provides keyboards and covers for tablets and smartphones, as well as other accessories for mobile devices; pointing devices, such as PC and Mac-related mice, touchpads, and presenters; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combos; PC-based Webcams; and remote control and home automation products.
