Logitech (LOGI) Tops Q3 EPS by 7c; Boosts FY15 Profitability Outlook
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Logitech Delivers Better-Than-Expected Q3 Results and Raises FY 2016 Outlook
January 20, 2016 9:00 PM ESTRetail Sales Grow 9 Percent in Constant Currency
NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)-- Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results from continuing operations for the third quarter of Fiscal Year 2016.
Q3 sales were $621 million, up 3 percent compared to Q3 of the prior year. Q3 retail sales (total sales excluding OEM) were $595 million and grew 9 percent in constant currency. Q3 GAAP operating income was $69 million. Q3 GAAP earnings per share (EPS) were $0.41, compared to $0.40 in the same... More