ZURICH :Logitech International on Thursday reported lower earnings and sales between October and December and cut its sales outlook, citing a difficult economic backdrop and supply chain uncertainties linked to China's COVID-19 outbreak.Julius Baer pre-market indications showed the company's shares down 16.6
ZURICH :Logitech International on Thursday reported lower earnings and sales between October and December and cut its sales outlook, citing a difficult economic backdrop and supply chain uncertainties linked to China's COVID-19 outbreak.The Swiss-American maker of keyboards, mice and headsets said preliminary third quarter GAAP operating income fell around 35 per cent year on year to between $171 million and $176 million. Sales were down 22 per cent to between $1.26 billion and $1.
CEO Bracken Darrell said the weaker-than-expected results reflected"challenging macroeconomic conditions including a slowdown in sales to enterprise customers in the quarter."
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