Computer parts maker Logitech works for growth after beating forecasts

Logitech International’s new CEO on Tuesday said the company would work to return to growth as it forecast annual sales would decline less than previously anticipated and reported third-quarter revenue that beat expectations.

The maker of computer mice, keyboards, and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses about how to equip their offices as they move to hybrid working.

Shares fell 6% in early trade. The stock hit its highest level on Monday since October 2021 when customers equipping home offices during the COVID-19 pandemic drove a sales surge.