Logitech Shares Slump as Rising Costs Threaten Holiday-Period Profitability
Logitech said rising logistics and material costs would dent profitability during the key holiday period. The company reported fiscal second-quarter sales of $1.22 billion, up 2% year over year.
By Mauro OrruLogitech International shares tumbled after the Swiss hardware maker said rising logistics and material costs would dent profitability in the key holiday period.The group on Tuesday posted sales of $1.22 billion for its fiscal second quarter that closed at the end of September, up 2% i…