Logitech Shares Fall 10% as Margin Concerns Overshadow Profit Beat
Logitech shares were down 10% at 1024 GMT after the company reported better-than-expected second-quarter profit a day earlier. Analysts pointed to profit-taking and concerns over margin pressures.
By Paolo LaudaniLogitech shares tumbled on Wednesday despite the computer peripherals maker reporting better-than-expected second-quarter profit a day earlier, as analysts pointed to profit-taking and concerns over margin pressuresThe stock was down 10% at 1024 GMT, wiping about 1.5 billion Swiss f…