Logitech, the computer parts manufacturer, has reported a smaller decline in full-year sales, marking a notable earnings beat. However, despite this performance, the company's stock fell by 7.7% in pre-market trading as sales declined for the ninth consecutive quarter. The company also issued a warning about potential margin pressures due to the ongoing Red Sea crisis. Logitech's CEO acknowledged the challenges faced by the company, stating that sales growth is expected to be gradual due to external headwinds.
Logitech CEO says sales growth will be 'gradual' due to external headwinds https://t.co/2GGCBQmCq2
Logitech warns of margin hit from Red Sea crisis https://t.co/6qC4y4W3g1 https://t.co/cNzrcgbciR
$LOGI (-7.7% pre) Logitech Stock Falls As Sales Decline For Ninth Straight Quarter - IBD https://t.co/cYnT6bZvBs
Logitech Posts Earnings Beat and Raise. Why the Stock Is Falling. https://t.co/QEDdbZG3rN
Computer parts maker Logitech sees smaller decline in full-year sales https://t.co/JdPVBNqXy0 https://t.co/Wt3KflBJtt