The U.S. stock market is in the red with the Dow Jones falling more than 200 points.
Shares of Logitech International S.A. (LOGI, Financial) rose in premarket trading today after the company posted earnings per share of 32 cents in the fourth quarter on revenue of $592.42 million, which was 16.0% higher than the comparable period. The company beat revenue expectations by $36.84 million and earnings estimates by 9 cents.
āOver the past five years, weāve built a business with sustainable growth. We have a resilient and expanding portfolio. We are building five scalable capabilities led by design and engineering,ā said Bracken Darrell, Logitech president and chief executive officer.
Looking ahead, the company confirmed its fiscal year 2019 outlook of high single-digit sales growth in constant currency and $310 to $320 million in non-GAAP operating income.
Gainers
ā¢ Marathon Oil Corp (MRO, Financial)
ā¢ NRG Energy Inc (NRG, Financial)
Losers
ā¢ Hologic Inc (HOLX, Financial)
ā¢ AmerisourceBergen Corp (ABC)
ā¢ Intercontinental Exchange Inc (ICE, Financial)
ā¢ Michael Kors Holdings Ltd (KORS, Financial)
Global Markets
The main European stock markets traded lower. The U.K.'s FTSE lost 0.46%, France's CAC slid 0.33%, Spain's Ibex fell 0.32% and Germany's Dax retreated 0.51%
In Asia, markets closed mostly in the red. ChinaĀ“s Shanghai closed up 0.64%, but Japan's Nikkei lost0.16%, Hong Kong's Hang Seng retreated 1.34% and Indiaās BSE Sensex fell 0.21%.
Disclosure: The author holds no position in any stocks mentioned
