Logitech International
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Logitech International whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped to a loss.
Margins shrank across the board.
Revenue details
Logitech International booked revenue of $614.5 million. The 10 analysts polled by S&P Capital IQ predicted sales of $683.0 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $714.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.10. The three earnings estimates compiled by S&P Capital IQ forecast $0.34 per share. GAAP EPS were -$1.24 for Q3 versus $0.32 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 34.2%, 200 basis points worse than the prior-year quarter. Operating margin was 5.0%, 480 basis points worse than the prior-year quarter. Net margin was -31.7%, 3,940 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $524.0 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $2.23 billion. The average EPS estimate is $0.67.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 904 members out of 964 rating the stock outperform, and 60 members rating it underperform. Among 265 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 251 give Logitech International a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Logitech International is hold, with an average price target of $8.63.
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