Logitech turns in strong quarter, but CEO says supply chain woes still held back sales

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Logitech turns in strong quarter, but CEO says supply chain woes still held back sales
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'We lost several points of growth because we couldn't get supply in everything we wanted,' Logitech CEO Bracken Darrell said on 'Mad Money.'

Before the U.S. market opened Tuesday, the maker of computer peripherals such as keyboards, webcams and mice reported $1.63 billion in 3Q revenue, better than the $1.46 billion analysts expected, according to FactSet.

"We're so excited about every area of our business including the concept of video everywhere," Darrell said, referring to the increased demand for webcams during the Covid pandemic thanks to widespread adoption of remote and hybrid work arrangements.

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