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Top News In பரோன் எடுத்துக்கொள்ளுங்கள் Today - Breaking & Trending Today

Logitech Raises Guidance Again as Profits Soar Amid Work-From-Home and Gaming Demand. The Stock Is Rising.

By
Callum Keown
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Logitech said it now expected annual sales growth of between 57% and 60% for the full year.
Araya Diaz/Getty Images for Logitech
Logitech
stock jumped early on Tuesday, as the computer peripherals maker raised its annual guidance for the third time after profits soared in the third quarter.
The Swiss-U.S. company, which also has a Nasdaq listing, has benefited from the Covid-19 pandemic-induced work-from-home trend as demand for its products including webcams, keyboards and gaming accessories has surged.
The momentum continued in the third quarter as Logitech reported sales of $1.67 billion, an 85% increase on the year-ago period, led by videoconferencing and gaming products. Operating income grew 248% to $448 million in the three months to Dec.31, while net profit excluding items rose 192% to $2.45 per share, smashing the FactSet consensus of $1.14 per sha ....

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Amazon-Backed Deliveroo Is Now Worth $7 Billion. Watch for the IPO Soon.

Like its food-delivery peers such as Uber Eats, owned by
Uber Technologies
(UBER), Deliveroo has enjoyed a massive boost in sales from the Covid-19 pandemic, with millions of housebound people ordering in meals. However, Deliveroo initially suffered at the beginning of the pandemic because its partner restaurants themselves were closed. The CMA said that the company met the criteria for a “failing firm” before its finances rebounded in April as restaurants reopened.
What’s new. Deliveroo said on Sunday that it had secured $180 million after the completion of a funding round from existing investors, led by Durable Capital Partners and Fidelity Management. The group said the latest round pushes its valuation above $7 billion. ....

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Is the Stock Market Open Today? Here Are the Hours for Martin Luther King Jr. Day.

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Martin Luther King Jr. speaking at an antiwar demonstration in New York City, 1967.
Don Rice/World Journal Tribune/New York World-Telegram & Sun Collection/Library of Congress
The third Monday of January is Martin Luther King Jr. Day. The federal holiday honors the civil rights leader, who was born on Jan. 15, 1929.
Ahead of Wednesday’s inauguration of President-elect Joe Biden, U.S. investors will get a holiday-shortened week. It couldn’t come soon enough, amid all the chaos in Washington.
Is the stock market open on MLK Day?
The New York Stock Exchange and Nasdaq will be closed on Monday, Jan. 18, along with U.S. bond markets and over-the-counter markets. ....

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Apple Stock Set for 'Really Big Year' With Strong iPhone, Mac Demand

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Loop Capital analyst Ananda Baruah repeated a Buy rating and boosted his target price on Apple stock to $155 from $131.
Justin Sullivan/Getty Images
Apple
stock received a thumbs up Friday from Loop Capital analyst Ananda Baruah, who repeated his Buy rating on the tech giant and boosted his target price to $155 from $131. The call comes ahead of the company’s upcoming December quarter earnings report, due after the close on Jan. 27.
Baruah writes in a research note that he expects a “really big year” for Apple (ticker: AAPL), and the signs should be clear with the upcoming earnings report. He thinks there could be material upside to Street numbers for both the near term and throughout calendar 2021, driven by strength in both iPhones and Macs. Baruah also thinks the company could see upside from healthy growth in iPad, AirPod, Watch, and Services. ....

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Airline Investors Look for Bluer Skies Later This Year

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Delta Air’s disappointing earnings report isn’t stopping Wall Street from maintaining a bullish outlook, pegged to a second-half recovery.
Patrick T. Fallon / AFP via Getty Images
Airline investors aren’t expecting much this earnings season and are looking ahead to the second half of the year.
That narrative appeared to take hold after
Delta Air Lines
(ticker: DAL) missed fourth-quarter-earnings estimates and issued guidance below consensus estimates for the first quarter. Delta’s results don’t bode well for the two other full-service carriers:
American Airlines Group
(AAL). United is scheduled report earnings next Wednesday, with American scheduled to report on Jan. 28. ....

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