Corsair Gaming Sees FY24 Net Revenue $1.45B-$1.6B vs $1.63B Est.
Portfolio Pulse from Benzinga Newsdesk
Corsair Gaming projects its FY24 net revenue to be between $1.45B and $1.6B, which is below the estimated $1.63B.
February 13, 2024 | 9:01 pm
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Corsair Gaming's projected FY24 net revenue is below market expectations, potentially impacting investor sentiment negatively.
When a company's revenue forecast falls short of market expectations, it often leads to a negative investor sentiment, potentially causing a short-term decline in stock price. Corsair Gaming's lower-than-expected revenue projection for FY24 could lead to decreased investor confidence and a negative impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100