LAUSANNE, Switzerland (AP) — LAUSANNE, Switzerland (AP) — Logitech International SA (LOGI) on Tuesday reported fiscal fourth-quarter earnings of $143.5 million.
On a per-share basis, the Lausanne, Switzerland-based company said it had net income of 98 cents. Earnings, adjusted for one-time gains and costs, came to $1.13 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The maker of keyboards, webcams and other computer accessories posted revenue of $1.09 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.08 billion.
For the year, the company reported profit of $711.2 million, or $4.80 per share. Revenue was reported as $4.84 billion.
For the current quarter ending in June, Logitech said it expects revenue in the range of $1.19 billion to $1.22 billion.
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