Logitech shares surge as COVID-19 boosts home-working

shares led Europe's gainers on Tuesday as the computer peripherals maker reported a big jump in second-quarter profit and again hiked its guidance amid a work-from-home boom., to a record for the Swiss-U.S. company.

It now expects annual sales to increase between 35% and 40% in constant currencies, up from its previous view for a 10% to 13% increase. Logitech has been profiting from people working from home, which has driven a rise in video calls, and companies refitting their offices to comply with social distancing restrictions.

The company has also plugged in to the rise of so-called esports - where players compete in games like Fortnite and League of Legends - to sell more products.

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