Corsair Gaming Q4 2023 Adj EPS $0.22 Misses $0.25 Estimate, Sales $417.30M Miss $428.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Corsair Gaming (CRSR) reported Q4 2023 adjusted EPS of $0.22, missing the $0.25 estimate, with sales of $417.30M also missing the $428.66M estimate. This represents a 4.66% increase in sales compared to the same period last year.
February 13, 2024 | 9:01 pm
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Corsair Gaming reported a miss on both EPS and sales estimates for Q4 2023, with a slight increase in sales compared to last year.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported increase in sales year-over-year may slightly mitigate the negative impact, but the miss on key financial metrics is likely to dominate investor reactions.
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