Corsair Gaming Q2 EPS $0.09 Misses $0.10 Estimate, Sales $325.40M Beat $317.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Corsair Gaming (NASDAQ:CRSR) reported Q2 earnings of $0.09 per share, missing the analyst consensus estimate of $0.10 by 10 percent. However, the company's quarterly sales of $325.40 million beat the analyst consensus estimate of $317.39 million by 2.52 percent. This represents a 145 percent increase in earnings and a 14.61 percent increase in sales compared to the same period last year.
August 04, 2023 | 2:20 pm
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NEUTRAL IMPACT
Corsair Gaming's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to short-term volatility in the stock price.
Corsair Gaming's earnings miss could negatively impact the stock price in the short term. However, the sales beat and significant YoY growth in both earnings and sales could offset this negative impact, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100