Turtle Beach Q2 EPS $(0.41) Misses $(0.33) Estimate, Sales $47.98M Miss $51.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Turtle Beach (NASDAQ:HEAR) reported Q2 losses of $(0.41) per share, missing the analyst consensus estimate of $(0.33) by 24.24%. The company also reported quarterly sales of $47.98 million, missing the analyst consensus estimate of $51.33 million by 6.52%. However, these figures represent an increase over the same period last year.
August 07, 2023 | 8:09 pm
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NEGATIVE IMPACT
Turtle Beach's Q2 results missed analyst estimates, which could negatively impact investor sentiment and the company's stock price in the short term.
Turtle Beach's Q2 results missed analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price. However, the YoY increase in both losses per share and sales could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100