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Add as a preferred source on GoogleWedbush Holds Logitech’s $130 Target After 12% Premarket Drop
Logitech reported adjusted earnings of $1.51. Wedbush said a supply disruption and tougher holiday-season conditions overshadowed the stronger-than-expected earnings.
Logitech International S.A. shares slid 12% in Wednesday premarket trading after quarterly results, while Wedbush kept its $130 target and said supply and holiday-season pressures overshadowed the earnings beat.
Logitech reported adjusted earnings of $1.51. Wedbush said a supply disruption and tougher holiday-season conditions drew attention away from earnings that exceeded expectations.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.