{"id":1981931,"date":"2023-07-25T07:08:02","date_gmt":"2023-07-25T11:08:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/keyboard-maker-logitech-raises-forecast-for-first-half-of-2024\/"},"modified":"2023-07-25T07:10:18","modified_gmt":"2023-07-25T11:10:18","slug":"keyboard-maker-logitech-raises-forecast-for-first-half-of-2024","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/keyboard-maker-logitech-raises-forecast-for-first-half-of-2024\/","title":{"rendered":"Logitech, the keyboard manufacturer, boosts first-half 2024 forecast."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fkeyboard-maker-logitech-raises-forecast-for-first-half-of-2024%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1981931&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) -Logitech International \u2062raised its sales and profit outlook for the first half of the financial year\u2063 2024\u200b on Tuesday \u2062in its first \u2063set of results since longstanding\u2064 CEO Bracken Darrell quit the computer peripherals maker last month.<\/p>\n<p>The \u2063maker\u2064 of computer mice and\u200d keyboards said its search for a successor \u200dwas \u201cprogressing well,\u201d \u200band that a further update would \u200dbe\u200b given \u201cwhen we have news to share.\u201d<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Interim CEO \u2062Guy\u2063 Gecht\u2062 said markets were \u201cstill challenging\u201d for Logitech, which rode a boom during the \u2064pandemic lockdown when\u2062 people stocked up on its webcams and\u2063 other equipment to work \u200dfrom home.<\/p>\n<p>Since then, lower spending by businesses and consumers amid an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economists-bidens-policies-to-lift-oil-and-gas-prices-hurt-u-s-households\/\" title=\"Economists: Biden\u2019s policies to lift oil and gas prices, hurt U.S. households\">economic downturn<\/a> has weighed on results.<\/p>\n<p>Still, the Swiss-American \u200ccompany was slightly more optimistic on Tuesday, \u200csaying it now expects first-half sales of $1.875 billion to $1.975 billion,\u200d up from the previous projection of $1.8 billion to $1.9 billion.<\/p>\n<p>The company also\u200d expects to post \u200bnon-GAAP operating income of $180 million to $220 million in the first six\u2063 months of this financial\u200d year, up from its previous outlook of $160 million to $190 million.<\/p>\n<p>In its first outlook for this <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/toyota-supplier-densos-q1-profit-tumbles-41-misses-view\/\" title=\"Toyota supplier Denso\u2019s Q1 profit tumbles 41%, misses view\">business year<\/a>, Logitech also forecast full year sales of\u00a0$3.8\u2063 billion to $4 billion.<\/p>\n<p>Logitech has made \u201csteady progress\u201d in reducing inventory and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/freight-train-apple-posts-record-quarterly-revenue\/\" title=\"'Freight Train' Apple Posts Record Quarterly Revenue\">operating expenses<\/a> in the three months to\u2064 the\u200d end of \u2064June, CFO Charles Boynton \u200dsaid.<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/keyboard-maker-logitech-raises-forecast-for-first-half-of-2024\/\" title=\"Logitech, the keyboard manufacturer, boosts first-half 2024 forecast.\">current market downturn poses<\/a> a challenge to \u200dLogitech as it has yet to find\u2064 a successor to Darrell, who stepped down last month to become \u2064the CEO of VF Corp, the maker \u200dof Vans sneakers and The North Face outdoor wear.<\/p>\n<p>Darrell, who helmed Logitech \u2064for\u200d 10 years, was credited with\u200c its turnaround through faster launches of new products and improved design.<\/p>\n<p>  (Reporting by\u2063 John Revill in Zurich and Shivani Tanna in Bengaluru;\u2062 Editing \u2063by\u2064 Subhranshu Sahu and Varun H \u2062K)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/keyboard-maker-logitech-raises\/attachment\/illustration-shows-logitech-logo\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Hunter \u200bBiden\u2019s former business partner \u2062Devon Archer will\u2063 testify before Congress while Twitter gets\u2063 a facelift<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Noemi Padilla<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with \u200bWilliam Jacobson<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with\u200c Benjamin\u200b Weingarten<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -Logitech International raised its\u2063 sales and \u200bprofit outlook for\u2063 the first half of the\u200b financial year 2024 on Tuesday in its\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Victor Goury-Laffont (Reuters) \u2013 French software maker Dassault Systemes said revenue rose 5% in the second quarter, but shares fell to\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Elizabeth Howcroft LONDON (Reuters) -Britain\u2019s data regulator said on Tuesday\u200d it will examine Worldcoin, a \u200dproject by \u200dOpenAI CEO\u2063 Sam Altman\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By\u200b Blake Brittain (Reuters) \u2013 Billionaire Elon Musk\u2019s decision to rebrand Twitter as X could be complicated legally: companies including Meta and\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Logitech International has increased its sales and profit forecast for the first half of FY2024. This comes after the departure of CEO Bracken Darrell. The company, known for computer peripherals, is actively searching for a new CEO and stated that the process is going smoothly.<\/p>\n","protected":false},"author":66,"featured_media":1981932,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1981931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1981931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1981931"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1981931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1981932"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1981931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1981931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1981931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}