India, Jan. 22 -- Logitech International S.A. (LOGI) reported that its third quarter net income increased to $244.68 million or $1.55 per share from $140.15 million or $0.86 per share in the same quarter last year.
Non-GAAP earnings per share was $1.53, up 34 percent from the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.17 per share for the quarter. Analysts' estimates typically exclude special items.
Quarterly sales were $1.26 billion, down 1 percent in US dollars and 3 percent in constant currency, compared to the prior year. Analysts expected revenue of $1.25 billion for the quarter.
Logitech raised its sales outlook for fiscal year 2024 to a range of $4.2 billion - $4.25 billion from th...