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Dec 31, 2019
Logitech Q3 2020 Earnings Report
Logitech achieved record sales and profitability.
Key Takeaways
Logitech's Q3 sales reached $903 million, marking the company's biggest quarter in sales and profit in history. The growth was driven by robust performance in Gaming, PC Peripherals, and Video Collaboration, with Gaming and Video Collaboration experiencing double-digit growth. Strong gross margins were maintained despite the impact of tariffs.
Q3 sales were $903 million, up 4% in US dollars and 5% in constant currency.
Q3 GAAP operating income grew 4% to $129 million.
Q3 GAAP earnings per share (EPS) grew 3% to $0.69.
Logitech confirmed its Fiscal Year 2020 outlook of mid to high single-digit sales growth in constant currency and $375 million to $385 million in non-GAAP operating income.
Revenue by Segment
Forward Guidance
Logitech confirmed its Fiscal Year 2020 outlook of mid to high single-digit sales growth in constant currency and $375 million to $385 million in non-GAAP operating income.
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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