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Jun 30, 2023
Logitech Q1 2024 Earnings Report
Reported a decrease in sales and earnings compared to the prior year.
Key Takeaways
Logitech's Q1 FY2024 sales were $974 million, a 16% decrease in US dollars and 15% in constant currency. GAAP operating income was $78 million, down 32%, with GAAP EPS at $0.39, a 36% decrease. The company raised its outlook for the first half of Fiscal Year 2024.
Sales decreased by 16% in US dollars and 15% in constant currency compared to the prior year.
GAAP operating income decreased by 32% compared to the prior year.
GAAP earnings per share (EPS) decreased by 36% compared to the prior year.
Cash flow from operations increased by $275 million compared to the prior year, with a quarter-ending cash balance of $1.25 billion.
Revenue by Segment
Forward Guidance
Logitech raised its outlook for the first half of Fiscal Year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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