Logitech International SA jumped the most in more than four years as earnings beat estimates and the world’s biggest maker of computer mice announced measures including job cuts to save about $80 million a year.
Logitech International SA’s Guerrino De Luca has taken back the position of chief executive officer, a role he held for 10 years, after the world’s biggest maker of computer mice lost more than four-fifths of its value since he quit the job to become chairman.
Austriamicrosystems AG rose to the highest price in more than four years in Zurich after the Austrian chipmaker raised its sales forecast a second time this year as consumers buy more smartphones and tablet computers.
Logitech International SA, the world’s biggest maker of computer mice, dropped the most in nine months in Zurich trading after cutting full-year forecasts for the third time, citing the weaker euro and declining sales.
AMS AG, the Austrian maker of semiconductors whose clients include Apple Inc., lost as much as a fifth of its market value after saying operating profit will probably fall this year as clients delay orders.