Logitech (LOGI $8.00 -0.74) issued downside guidance for fiscal year 2012, with revenues of approximately $2.4 billion versus the $2.48 billion Capital IQ Consensus Estimate and below prior guidance of $2.5 billion.
The company also sees fiscal year operating income of approximately $90 million versus prior guidance of $143 million. The gross margin for the full year, which factors in the very low margin previously reported for the first quarter, is estimated to reach approximately 33%. Gross margin in both Q3 and Q4 is expected to be well above the full year average.






