Shares of Logitech International SA plunged over 10% in pre-market trading on Monday, despite the computer peripherals maker reporting better-than-expected second-quarter earnings and raising its full-year guidance for fiscal 2025.

For the quarter ended September 30, Logitech posted adjusted earnings per share of $1.20, surpassing analysts' estimates of $1.07. Revenue rose 6% year-over-year to $1.12 billion, marginally beating expectations of $1.1 billion. The company attributed the solid performance to broad-based growth across regions, product categories, and both consumer and business customers.

Encouraged by the strong results, Logitech raised its fiscal 2025 revenue forecast to a range of $4.39 billion to $4.47 billion, up from its previous outlook of $4.34 billion to $4.43 billion. However, this revised guidance still fell slightly short of analysts' consensus estimate of around $4.51 billion, potentially contributing to the stock's sell-off.