ROMANEL-SUR-MORGES (dpa-AFX) - Logitech International (LOGI) reported that its net income for the first-quarter of fiscal year 2022 climbed to $186.84 million or $1.09 per share from $72.07 million or $0.42 per share last year.
Quarterly non-GAAP earnings per share grew 91 percent to $1.22 from $0.64 in the same quarter a year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share for the first-quarter. Analysts' estimates typically exclude special items.
Sales for the first-quarter were $1.31 billion, up 66 percent in US dollars and 58 percent in constant currency, compared to the prior year. Analysts expected revenues of $1.06 billion for the first-quarter.
Logitech confirmed its fiscal Year 2022 outlook of flat sales growth in constant currency, plus or minus five percent, and $800 million to $850 million in non-GAAP operating income.
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