Logitech Fourth Quarter Sales Rise on Gaming Demand
Logitech sales rose 7 percent to 1.09 billion dollars in the fourth quarter. Growth in gaming and video devices helped the company beat analyst estimates.
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LOGITECH INTERNATIONAL-REG reported sales rose 7% to $1.09 billion during the three months ending in late March. Revenue surpassed the $1.08 billion consensus estimate provided by Visible Alpha. Strong demand for gaming gear and video tools suggests a recovery in peripheral spending.
