Growth in gaming accessories pushes Logitech's fourth-quarter sales higher


A Logitech MX Master 3S mouse is displayed in a building at the EPFL Innovation Park in Ecublens near Lausanne, Switzerland, April 30, 2024. REUTERS/Denis Balibouse

ZURICH, May 5 (Reuters) - ⁠Logitech International on Tuesday ‌reported better-than-expected results for the fourth quarter, with the computer ​hardware maker seeing ⁠strong growth ⁠in gaming accessories and video ⁠collaboration ‌devices.

Logitech, whose products include computer ⁠mice, keyboards and webcams, said ​its ‌sales rose 7% to $1.09 ⁠billion ​in the three months to the end ⁠of March, beating Visible ​Alpha's consensus estimate of $1.08 billion.

The Swiss-U.S. company's non-GAAP ⁠operating income, which excludes items such as restructuring charges and gains on ​investments, rose ⁠25% to $167 million, beating ​analysts' average ‌estimate of $164 million.

(Reporting ​by John Revill; editing by Alan Barona)

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