Corsair Gaming: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Corsair Gaming (NASDAQ:CRSR) reported its Q3 earnings results, with an in-line EPS of $0.13 and revenue up by $51.42 million from the same period last year. Last quarter, the company missed on EPS by $0.01, which led to a 9.79% drop in the share price the next day.
November 07, 2023 | 9:21 pm
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Corsair Gaming's Q3 earnings were in line with estimates, and revenue increased YoY. However, the previous quarter's EPS miss led to a significant share price drop.
Corsair Gaming's Q3 earnings were in line with estimates, which is generally a positive sign. However, the company's share price dropped significantly after missing EPS estimates last quarter, which may make investors cautious. The increase in revenue YoY is a positive sign, but it's unclear how the market will react given the previous quarter's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100