Logitech (LOGI): FQ4 net income up ten-fold to $28.3M, blowing away consensus of $12.4M. Gross...

|About: Logitech International S.A. (LOGI)|By:, SA News Editor
Logitech (LOGI): FQ4 net income up ten-fold to $28.3M, blowing away consensus of $12.4M. Gross margin widened to 36.4% of revenue from 32.8% a year earlier. Sales -3% to $532M. The company also cut a layer of management which will reduce operating costs. Shares +13% premarket. (PR)