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01.19.2009 - Logitech Announces Q3 FY 2009 Results



View Logitech-Press related news. FREMONT, Calif., Jan. 19, 2009 and ROMANEL-SUR-MORGES, Switzerland, Jan. 20, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the third quarter of Fiscal Year 2009. Sales for Q3 were $627 million, a decrease of 16 percent compared to $744 million in the same quarter last year. Operating income was $43 million, a decrease of 63 percent compared to $116 million in the same quarter a year ago. Net income was $40 million ($0.22 per share) compared to Q3 FY 2008 net income of $134 million ($0.71 per share), which included a net realized gain on sales of short-term investments of $27.8 million and an impairment loss of $5.5 million on the value of short-term investments. Gross margin for the third quarter of FY 2009 was 29.9 percent compared to 36.9 percent in Q3 FY 2008.

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NID: 26531 / Submitted by: The Zilla of Zuron
Categories: Press Release
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