ADVFN - Advanced Financial Network.
HOME» NASDAQ » L » LOGI Stock Price » LOGI Stock News

Logitech International S.a. - Registered Share News

 Logitech International S.a. - Registered Shares (mm) Stock Price
LOGI Stock Price
 Logitech International S.a. - Registered Shares (mm) Stock Chart
LOGI Stock Chart
 Logitech International S.a. - Registered Shares (mm) Stock News
LOGI Stock News
 Logitech International S.a. - Registered Shares (mm) Company Information
LOGI Company Information
 Logitech International S.a. - Registered Shares (mm) Stock Trades
LOGI Stock Trades

Logitech International 4Q Net $2.8 Million Vs $24.5 Million

By John Revill Of DOW JONES NEWSWIRES ZURICH -(Dow Jones)- Computer technology maker Logitech International S.A. (LOGN.VX) Thursday said fourth quarter profit fell 89% on year, resulting in a weak end to what the company described as an otherwise 'strong' year, but it expects its performance to improve in the current fiscal year. "The disappointing conclusion to FY 2011--which resulted in lower-than expected full-year sales, operating income and gross margin--was due to weaker than anticipated demand in the second half of Q4 for our products in Europe, Middle East and Africa. The weakness in demand in EMEA was compounded by poor execution of channel pricing and promotional programs within the region, which we have begun to remedy," said Chief Executive Gerald Quindlen in a statement. Net profit fell to $2.8 million in the period from $24.5 million a year earlier, worse than expectations of $5.9 million. Sales at the Swiss company, which makes computer mice, television remote controls and keyboards, were $548 million, up 4% from $525.4 million and slightly better than the $545.5 million forecast by analysts in a Dow Jones Newswires Poll. In its statement, Logitech, which also makes a set-top box for Google Inc's (GOOG) Google TV, said it expects sales of approximately $2.6 billion in the 2012 fiscal year, operating income of approximately $185 million and a gross margin of approximately 35%. For the full 2011 fiscal year, sales were $2.36 billion, up 20% from $1.97 billion. Operating income was $142.7 million, up 82% from $78.4 million the previous year. Gross margin was 35.4% compared to 31.9%. -By John Revill, Dow Jones Newswires; +41 43 443 8042 ;

Stock News for Logitech International S.a. - Registered (LOGI)
11/11/201507:00:00Logi CREATE Unveiled: The First Accessories Specially Designed...
10/26/201517:00:00Logitech Files Quarterly Report on Form 10-Q
10/23/201516:15:44Quarterly Report (10-q)
10/21/201522:58:05Logitech beats by $0.03, beats on revenue
10/21/201521:00:00Logitech Q2 Delivers Best Retail Sales Growth Since 2010
10/20/201517:35:49Notable earnings after Wednesday’s close
10/07/201517:00:00Logitech Announces Date for Release of Second Quarter Fiscal...
09/30/201504:00:00Logi Circle Brings Home to Your Smartphone
09/29/201504:00:00Logitech G Unveils Tenkeyless Mechanical Gaming Keyboard
09/17/201517:32:06Statement of Changes in Beneficial Ownership (4)
09/16/201521:00:00Logitech Confirms September 2015 Dividend Dates
09/16/201519:27:03Statement of Changes in Beneficial Ownership (4)
09/16/201509:00:00Lifesize Launches WebRTC-Powered App for Fully Featured Lifesize...
09/15/201504:00:00Ultimate Ears Ups the Ante with UE BOOM 2
09/11/201516:34:30Current Report Filing (8-k)
09/11/201511:07:58Statement of Changes in Beneficial Ownership (4)
09/10/201519:12:58Statement of Changes in Beneficial Ownership (4)
09/10/201519:12:18Statement of Changes in Beneficial Ownership (4)
09/10/201519:06:05Statement of Changes in Beneficial Ownership (4)
09/10/201519:05:14Statement of Changes in Beneficial Ownership (4)

Logitech International S.a. - Registered and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations