Logitech beats profit forecast as sales of gaming, conferencing products rise
Logitech beats profit forecast as sales of gaming, conferencing products rise ZURICH, Oct 27 (Reuters) - Logitech International LOGN.S on Tuesday reported a better-than-expected profit for the second quarter, with the computer mouse and keyboard maker seeing higher demand for its gaming and video conferencing devices.
The Swiss-U.S. company reported non-GAAP operating income of $231 million for the three months to the end of September, beating forecasts for $204 million in a consensus gathered by Visible Alpha and the company's own guidance for $185 million to $210 million.
Sales rose 3% to $1.22 billion, in line with analyst forecasts and towards the upper end of the company's own outlook of $1.19 billion to $1.22 billion.
(Reporting by John Revill; Editing by Shailesh Kuber)
((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))
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