The maker of personal computer and mobile peripherals known for its computer mice said third-quarter sales came in at $864 million, up 6% in U.S. dollars and 8% in constant currency, from the same period in the prior year. That's above Zacks consensus estimate of $863 million.
Non-GAAP earnings per share grew 22% to 79 cents vs. 65 cents in the same period the previous year, surpassing Zacks consensus estimate of 67 cents. GAAP EPS grew 40% to 67 cents, compared to 48 cents the same quarter last year. GAAP operating income reached $123 million vs. $100 million in the same quarter the previous year.
"We delivered record sales and profits in our biggest quarter of the year," Bracken Darrell, Logitech president and CEO, said in a statement. "Our innovative, diverse portfolio drove double-digit growth across Gaming, Video Collaboration, and Creativity & Productivity. On the back of this powerful performance, we are raising our profit outlook for the year."
Logitech raised its profit outlook for fiscal year 2019 to between $340 million and $345 million in non-GAAP operating income, from a previous $325 million to $335 million, with an annual sales outlook of 9% to 11% growth in constant currency.
Year-to-date cash flow from operations was $273 million, compared to $256 million in the same period a year ago.
Logitech stock closed up 0.78% at $33.70