TECH - Why Logitech Shares Are Trading Lower Premarket Tuesday | Benzinga
Logitech International S.A. (NASDAQ: LOGI) shares are declining premarket today after it reported third-quarter FY24 results.
Revenue fell 1% Y/Y (-3% Y/Y in constant currencies) to $1.255 billion, exceeding the consensus of $1.245 billion.
By category, sales in Video Collaboration fell by 2% Y/Y, Gaming decreased by 1%, while Keyboards & Combos sales and Pointing Devices were up by 4% Y/Y each.
Adjusted gross margin expanded 440 bps Y/Y to 42.3%, led by lower product and logistics ...