Logitech (LOGI) Tops Q1 EPS by 6c; Raises Outlook

Logitech (NASDAQ: LOGI) reported Q1 EPS of $0.34, $0.06 better than the analyst estimate of $0.28. Revenue for the quarter came in at $608 million versus the consensus estimate of $586.73 million.

Outlook

Based on the strong performance in Q1 and the acquisition of Blue Microphones, Logitech raised its Fiscal Year 2019 outlook to 9 to 11 percent sales growth in constant currency, up from its previous outlook of high single-digit sales growth in constant currency. The Company also increased its non-GAAP operating income outlook for Fiscal Year 2019 to a range of $325 million to $335 million, up from its prior range of $310 million to $320 million in non-GAAP operating income.

For earnings history and earnings-related data on Logitech (LOGI) click here.

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