Logitech reports Q3 EPS $1.59, consensus $1.36

Reports Q3 revenue $1.34B, consensus $1.25B. “We’re excited to deliver strong, profitable growth once again, in our biggest quarter of the year,” said Hanneke Faber, Logitech (LOGI) chief executive officer. “Our growth was driven by our strategic priorities. We delivered superior innovation. Gaming sales were near pandemic-high levels, thanks to an outstanding set of innovations launched ahead of the holidays. We delivered near record sales in our premium Pro Gaming and MX portfolios. Logitech for Business made excellent progress. And our teams fielded effective marketing campaigns and excellent holiday retail execution to drive broad-based geographic progress.” “Q3 marks another disciplined quarter,” said Matteo Anversa, Logitech chief financial officer. “Thanks to our strong operational performance, we again delivered year-over-year expansion of gross margin. While we expect fourth quarter currency headwinds, the strong demand in the third quarter and the continued promotional and operational discipline of our teams give us confidence about the trajectory of our business, and we are increasing our full-year outlook.”