Why Logitech International S.A. Stock Gained 18.7% in January [The Motley Fool]
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Source: The Motley Fool
A third-quarter earnings beat and upward target revision for the fourth quarter prompted Logitech's stock to pop. Keith Noonan ( TMFNoons ) Feb 12, 2018 at 4:02PM What happened Logitech International S.A. ( NASDAQ:LOGI ) stock climbed 18.7% last month, according to data provided by S&P Global Market Intelligence . The electronics company released third-quarter earnings results on Jan. 23, delivering $812 million in sales and $0.65 in non-GAAP (generally accepted accounting principles) earnings per share; that topped the average analyst estimates of $754 million in revenue and EPS of $0.58 cents. LOGI data by YCharts . So what Logitech's core segments performed well in the December-ended quarter, with sales for gaming products up 62% year over year, the mobile speaker segment up 34%, and video-collaboration hardware up 29%. This mo
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