Corsair Sees FY23 Revenue $1.4B-$1.5B Vs $1.47B Est
Portfolio Pulse from Benzinga Newsdesk
Corsair Gaming Inc. has updated its FY23 revenue forecast to $1.4B-$1.5B, compared to the previous range of $1.35B-$1.55B. Adjusted operating income is expected to be $80M-$90M, compared to the previous $75M-$95M. Adjusted EBITDA is expected to be $95M-$105M, compared to the previous $90M-$110M.
November 07, 2023 | 9:17 pm
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NEUTRAL IMPACT
Corsair Gaming's revised FY23 revenue forecast is slightly lower at the upper end, but the lower end is higher. Adjusted operating income and EBITDA forecasts are also slightly lower.
Corsair Gaming's revised FY23 revenue forecast shows a slight decrease at the upper end but an increase at the lower end. This mixed revision may not significantly impact the stock price in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100