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Logitech: stock up after trading update

(CercleFinance.com) - The share of Swiss group Logitech is up 1.
2% in Zurich on Tuesday, after the computer accessory maker presentated Q3 adjusted EPS that is up 6% to 84 cents, with an adjusted operating profit that is also up 6% at 152 million dollars.

At 903 million dollars, sales increased by 4% in gross terms and are up 5% at constant exchange rates, thus coming in above expectations, despite the trade war between the US and China, broker Aurel BGC says.

For the full-year, Logitech confirms that it expects sales growth at constant exchange rates to be mid-to-high single-digits, with an adjusted operating profit of between 375 million and 385 million dollars.

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