Shares of Logitech (LOGN.S) surged 9.4% on Wednesday after the company reported better-than-expected Q3 earnings and raised its full-year outlook.
Key Highlights:
- Strong Q3 Performance:
- Higher sales across regions and product lines.
- Robust margin performance supports long-term growth.
- Analyst Reactions:
- JP Morgan praised Logitech’s execution and saw potential upside in Q4.
- Stock Market Impact:
- Shares up 17% YTD if gains hold.
- Best trading day since October 2023.
- Outperforming Swiss blue-chip index (.SSMI).
Logitech’s positive earnings momentum and strong demand outlook signal continued growth in the computer peripherals market.
