Logitech (LOGN.VX) shares fall following gloomy outlook for Q4

Logitech (LOGN.VX) shares have fallen in Q3 as analysts talk about a gloomy outlook for Q4. Logitech announced a fall in their third-quarter net income and that has now giving the world’s largest computer mouse maker a bleak outlook.

Shares have now fallen by 9 percent, Logitech’s net income fell 70 percent to $40 million, that accounts to 22 cents per share in the three months leading up to December 2008. Analysts had thought that the company would earn $76 million. Q3 sales fell 16 percent to $627 million.

Logitech have added that they expect the retail market to become even weaker in the coming months, and they expect their fourth quarter sales to also fall. The company plan to generate positive cash flow from a number of their other operations.

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