Finance
Computer parts maker Logitech rises 9% after Q3 beat, outlook upgrade
Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026
Logitech's stock jumped 9.4% after a strong Q3 earnings report and upgraded full-year outlook, driven by high demand and robust margins.
(Reuters) - Shares in Logitech 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.
(Reporting by Amir Orusov, Editing by Miranda Murray)
The article discusses Logitech's stock rise following a Q3 earnings beat and upgraded outlook.
Shares rose due to a Q3 earnings beat and an upgraded full-year outlook, indicating strong performance.
Analysts from JP Morgan commented on Logitech's strong execution and potential for further gains.
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