LOGI - What's Going On With Logitech Shares Premarket Tuesday? | Benzinga
Logitech International S.A. (NASDAQ:LOGI) shares are trading lower, reversing its earlier gains, premarket today after it reported fourth-quarter FY24 results.
Revenue rose 5% Y/Y (both reported and constant currencies) to $1.01 billion, exceeding the consensus of $956.1 million.
By category, sales in Video Collaboration rose 3% Y/Y, Gaming increased 7% Y/Y, while Keyboards & Combos sales and Pointing Devices were up by 15% Y/Y and 6% Y/Y respectively.
Adjusted gross margin expanded to 43.6% from 36.3% a year ago. Adjusted ...