ROMANEL-SUR-MORGES (dpa-AFX) - Logitech International SA (LOGI) released a profit for third quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $200.1 million, or $1.32 per share. This compares with $244.7 million, or $1.55 per share, last year.
Excluding items, Logitech International SA reported adjusted earnings of $241.5 million or $1.59 per share for the period.
Analysts on average had expected the company to earn $1.36 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.8% to $1.340 billion from $1.255 billion last year.
Logitech International SA earnings at a glance (GAAP) :
-Earnings: $200.1 Mln. vs. $244.7 Mln. last year. -EPS: $1.32 vs. $1.55 last year. -Revenue: $1.340 Bln vs. $1.255 Bln last year.
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