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Logitech's Net Income Rises
Logitech(LOGI Quote) posted a rise in quarterly earnings Tuesday on solid sales, despite lower prices in the computer peripherals market.
The company said fiscal second-quarter net income rose 1% to $21.2 million, or 44 cents per share, beating analysts' average estimate of 23 cents per share. In the year-ago period, the company reported earnings of $21 million, or 42 cents a share.
Sales rose 17% to $294 million, exceeding expectations of $275 million, according to Thomson First Call. ...
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