Logitech shares decline as it reports third-quarter FY24 results, with revenue down 1% Y/Y at $1.255 billion and adjusted EPS beating consensus at $1.53.
ZURICH (Reuters) -Logitech International's profit margins will be hit by higher transport costs due to the Red Sea crisis, the computer peripheral maker's CEO said on Tuesday. The maker of computer keyboards, mice, speakers and webcams is among the first companies to warn of a margin hit from attacks by Houthi militants in Yemen. The attacks are forcing shipping companies to avoid the Red Sea, a shipping route vital to East-West trade.
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