Logitech Intl S A Stock Price, News & Analysis

Logitech International (SIX: LOGN, Nasdaq: LOGI) reported preliminary financial results for Q3 Fiscal Year 2023, revealing a decline in net sales between $1.26 billion and $1.27 billion, a drop of 22-23% year-over-year. GAAP operating income is projected between $171 million and $176 million, down 33-35% from last year’s $263 million. The company has adjusted its full-year outlook to reflect a sales growth decline of 13-15% and non-GAAP operating income ranging from $550 million to $600 million, down from previous estimates of $650 million to $750 million.

Logitech International has launched Mevo Go, a new live streaming app enhancing the Mevo ecosystem. This companion app allows creators to turn any smartphone or tablet into a source for multicam video streaming and recording. Mevo Go supports 1080p HD resolution and integrates seamlessly with the Mevo Multicam app. The app is available with a Mevo Pro subscription priced at $19 monthly or $149 annually. A 14-day free trial is offered, enabling creators to access premium features. This product aims to democratize multicam streaming, making it accessible to all creators.

Logitech International (Nasdaq: LOGI) will release its third quarter fiscal year 2023 financial results on January 23, 2023, at 9:00 PM EST. A videoconference to discuss these results is scheduled for January 24, 2023, at 8:30 AM EST. Investors can access the livestream on the Logitech corporate website. This announcement follows Logitech's ongoing commitment to providing updates on its financial performance as it continues to develop hardware and software solutions for various sectors.

Logitech announced that multiple mice and keyboards have received the Engineered for Intel® Evo™ verification, confirming their adherence to Intel's rigorous standards for performance, reliability, and security. This partnership enhances user experience for both enterprise and consumer markets, ensuring interoperability between Logitech products and Intel Evo laptops. Major products verified include MX Keys and MX Master 3S. The validation helps optimize productivity and communication, reinforcing Logitech’s commitment to quality and user satisfaction.

Logitech International (SIX: LOGN, Nasdaq: LOGI) announced its participation in key investor conferences, including the ZKB Equity Conference in Zurich on November 3, 2022, and the Morgan Stanley European Technology, Media & Telecom Conference in Barcelona on November 16, 2022. The Credit Suisse Annual Technology Conference is set for November 30, 2022, in Scottsdale, Arizona. Presentations from the Morgan Stanley and Credit Suisse conferences will be webcast, with replays available on Logitech's corporate website.

Logitech International (SIX: LOGN, Nasdaq: LOGI) filed its Quarterly Report on Form 10-Q for Q1 of Fiscal Year 2023 with the SEC on October 27, 2022. The report details the company's financial performance and is accessible on both the SEC and Logitech's websites. Logitech continues to develop innovative products across various segments including computing, gaming, and streaming, reinforcing its commitment to enhancing user experiences. For more information, visit Logitech's official website.

Ultimate Ears, a brand of Logitech (SIX: LOGN) (NASDAQ: LOGI), has announced the direct-to-consumer availability of UE FITS custom wireless earbuds in Canada, France, Germany, and the UK. This move comes due to increased demand for these premium earbuds, which utilize proprietary Lightform technology to mold to users' ears. Customers can now purchase UE FITS in local currencies at prices of 229.99 Euros, 199.99 GBP, and 249.99 CAD. The earbuds offer up to eight hours of listening time on a single charge, enhancing the overall audio experience.

Logitech International (SIX: LOGN, Nasdaq: LOGI) reported Q2 Fiscal Year 2023 results with sales of $1.15 billion, a 12% decline in US dollars and 7% in constant currency year-over-year. Video Collaboration sales grew 2% in US dollars, while Gaming and Keyboard & Combos sales fell 10% and 15%, respectively. Operating income dropped 29% to $127 million, with GAAP EPS down 38% to $0.50. Logitech reaffirmed its FY2023 outlook, anticipating a sales decline of 8% to 4% in constant currency. The company returned $276 million to shareholders and announced CFO Nate Olmstead's departure.