Logitech quarterly sales fall 22% to $1.27 billion

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(Reuters) – Computer peripherals maker Logitech (NASDAQ:LOGI) International said on Tuesday its third-quarter sales fell 22%, confirming its earlier preliminary results which showed that business customers had put the brakes on buying new equipment.

The Swiss-American firm said its sales for the three months to December-end fell to $1.27 billion, in line with its preliminary figures published on Jan. 11 which said sales had fallen to between $1.26 and $1.27 billion.