Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. On April 22, 2009, Logitech International S.A. (LOGI) posted a net loss of $35.08 million or $0.20 per share during Q4 FY09 compared to a profit of $60.34 million or $0.32 per share a year ago. Lower revenue and restructuring charges adversely affected the company's bottom-line. Excluding one-time items, net loss stood at $18.19 million or $0.11 per share, which missed the consensus earnings estimate of $0.06 per share. Net sales decreased 32.1% to $407.95 million from $601.23 million in the previous year's quarter, led by weak consumer demand and unfavorable foreign exchange rates. Retail sales fell 32.0% to $358.42 million, with sales down in the Americas, Europe, the Middle East and Africa, (EMEA) and Asia by 33.0%, 36.0%, and 14.0%, respectively. At the same time, OEM sales were down 33.3% year-over-year to $49.53 million. Operating expense decreased 1.7% to $145.29 million from $147.81 million a year earlier, which includes a restructuring charge of $20.55 million. In addition, net interest income plunged 70.9% to $1.09 million from $3.74 million. Revenue for FY09 declined 6.8% to $2.21 billion from $2.37 billion the previous year. Consequently, earnings fell 53.7% to $107.03 million or $0.59 per share from $231.03 million or $1.23 per share. Logitech expects its Q1 FY10 revenue to be in the range of $300.00 million to $320.00 million. In addition, it anticipates gross margin between 24.00% to 26.00%, and operating loss within the range of $40.00 million to $50.00 million.