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Logitech And TomTom Stocks Slump Overnight

Logitech And TomTom Stocks Slump Overnight


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Logitech stocks fell about 6.8 per cent after recent negative growth announcements from the likes of TomTom NV and Garmin put the entire industry for electronic gadgets under pressure- a space Logitech is active in.

 

TomTom, the world’s largest maker of car-navigation equipment, slumped to the lowest in almost three years after saying its first-quarter sales fell and was forced into cutting its sales outlook for the rest of the year.