Logitech International LOGI reported third-quarter fiscal 2020 results, wherein both bottom and top lines surpassed estimates.Non-GAAP earnings came in at 84 cents per share, surpassing the Zacks Consensus Estimate of 77 cents. The bottom line also improved from the year-ago quarter’s 79 cents.Net sales of $903 million surpassed the consensus mark of $899 million and rose 4% year over year in dollars and 5% at constant currency. The year-over-year increase stemmed from strong growth in Gaming, Video Collaboration and PC peripheral segments.Logitech International S.A. Price, Consensus and EPS Surprise Logitech International S.A. price-consensus-eps-surprise-chart | Logitech International S.A. QuoteSegmental DetailsLogitech’s Gaming segment’s sales grew 15% year over year to $245.74 million.Video Collaboration sales witnessed a 24% rally to $91.96 million.Mobile Speakers’ sales, however, fell 3% to $92.97 million.Audio & Wearables segment sales declined 17% year over year to reach $81.93 million. Smart Home segment sales fell 19% year over year to $15.79 million.Logitech’s Creativity and Productivity business comprises four sub-business lines — Keyboards and Combos, Pointing Devices, PC Webcams, and Tablet and Other Accessories. Revenues from Pointing Devices, and Keyboards and Combos grew 4% and 8% year over year, respectively. However, revenues from PC Webcams, and Tablet and Other Accessories declined 3% and 13%, respectively.The company did not report any revenues from the Other segment in the quarter.Margins & Operating MetricsNon-GAAP gross profit rose 3% year over year to $339.61 million. Non-GAAP gross margin, however, contracted 50 basis points (bps) from the year-ago quarter to 37.6%. The impact of tariffs remained an overhang on margins.Non-GAAP operating expenses inched up 0.8% to $187.97 million.Non-GAAP operating income climbed 5.9% to $151.65 million. Operating margin of 16.8% expanded 20 bps.LiquidityAs of Dec 31, 2019, Logitech’s cash and cash equivalents were $656.05 million compared with $574.5 million in the previous quarter.Additionally, the company generated operating cash flow of $181.12 million in the fiscal third quarter compared with $106.5 million in the prior quarter.GuidanceLogitech reaffirmed view for fiscal 2020. The company expects non-GAAP operating income of $375-$385 million.Revenue growth is anticipated in the mid to high-single-digit range at constant currency.Zacks Rank & Key PicksThe company currently has a Zacks Rank #3 (Hold).A few better-ranked stocks in the broader technology sector are ManTech International Corporation MANT, SYNNEX SNX and Silicon Motion Technology Corporation SIMO, all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rate for ManTech, SYNNEX and Silicon Motion is currently pegged at 8%, 12% and 7%, respectively.More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Logitech International S.A. (LOGI): Free Stock Analysis Report ManTech International Corporation (MANT): Free Stock Analysis Report SYNNEX Corporation (SNX): Free Stock Analysis Report Silicon Motion Technology Corporation (SIMO): Free Stock Analysis Report To read this article on Zacks.com click here.