Logitech raises annual outlook on upbeat quarterly profit

19.01.2021 - Petr Mazaylo
Logitech raises annual outlook on upbeat quarterly profit

On Tuesday, Logitech International raised its year-on-year outlook as it also reported an upbeat quarterly operating income. The company increased its forecast mainly from a coronavirus-driven surge in demand as more people purchased work-from-home and gaming equipment.

The computer peripherals and software maker raised its 2021 outlook for sales and profit for the third time. Currently, the company anticipates sales growth to jump between 57% and 60%, with its adjusted operating income now at $1.05 billion.

The company had seen an increase in video conferencing devices and gaming peripherals sales as more people started working from home due to the restrictions brought by the coronavirus. Meanwhile, virus-restrictions imposed on cinemas and other facilities greatly supported gaming console sales.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?