Computer parts maker Logitech rises 9% after Q3 beat, outlook upgrade

Logitech International SA

29/01/2025 10:15

Jan 29 (Reuters) - Shares in Logitech  LOGN.S  jumped as
much as 9.4% at 0835 GMT on Wednesday, a day after the
Swiss-American computer keyboard and mouse-maker raised its
full-year outlook and posted a third-quarter sales beat.
    The results underscore the company's strong execution,
driven by high demand across regions and product categories
alongside a robust margin performance, which positions Logitech
well for sustained long-term growth, said analysts from JP
Morgan.
    The guidance upgrade leaves room for an upside for the
fourth quarter, the analysts added.
    If gains persist, the stock will rise 17% so far this year.
    Shares are on track for a best day since October 2023,
topping the Swiss blue-chip index  .SSMI .
    

 (Reporting by Amir Orusov, Editing by Miranda Murray)
 ((Amir.orusov@thomsonreuters.com))