Here's Why Logitech Stock Soared to All-Time Highs Today

Shares of Logitech International (NASDAQ: LOGI) soared to all-time highs on Tuesday after the company posted earnings results for the second quarter of its fiscal 2021 that surpassed analyst estimates. It subsequently raised its guidance for the rest of the year, giving investors reason to cheer. As of noon EDT today, the stock was up 18% and has now nearly doubled year to date.

In Q2, Logitech recorded $1.3 billion in net sales, an increase of 75% from the same quarter last year. This was the first quarter ever that the maker of computer keyboards and mice, webcams, and other devices generated over $1 billion in sales. Operating income increased a stunning 372% to $322 million.

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Source Fool.com