FILE PHOTO: A view of the Logitech logo on a building at the EPFL Innovation Park in Ecublens near Lausanne, Switzerland, April 30, 2024. REUTERS/Denis Balibouse/File photo
(Reuters) - Shares in Logitech jumped as much as 9.4% at 0835 GMT on Wednesday, a day after the Swiss-American computer keyboard and mouse-maker raised its full-year outlook and posted a third-quarter sales beat.
The results underscore the company's strong execution, driven by high demand across regions and product categories alongside a robust margin performance, which positions Logitech well for sustained long-term growth, said analysts from JP Morgan.
The guidance upgrade leaves room for an upside for the fourth quarter, the analysts added.
If gains persist, the stock will rise 17% so far this year.
Shares are on track for a best day since October 2023, topping the Swiss blue-chip index.
(Reporting by Amir Orusov, Editing by Miranda Murray)
