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Logitech International shares jump after lifting outlook

Nio's stock jumps into record territory after unveiling of ET7 luxury sedan

Shares of Logitech International
LOGN,
+2.65%
LOGI,
-2.79%
jumped 8% in early Swiss trade as the computer peripheral maker upgraded its 2021 outlook. It now sees 57% to 60% sales growth at constant currencies on $1.05 billion in non-GAAP operating income, compared to its previous outlook of 35% to 40% sales growth and $700 million to $725 million of operating income. Its fiscal third-quarter operating income tripled to $448 million on sales growth of 80% in constant currencies, helped by demand for accessories for webcams and tablets, video conferencing, audio and wearables and gaming.

This article is auto-generated by Algorithm Source: www.marketwatch.com

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