Recap: Corsair Gaming Q4 Earnings
Portfolio Pulse from Benzinga Insights
Corsair Gaming (NASDAQ:CRSR) reported Q4 earnings with an EPS of $0.22, missing estimates by 12.0% against an expected $0.25. Revenue increased by $18.56 million from the same period last year. The company's past earnings performance shows a pattern of missed EPS estimates leading to a drop in share price the following day.
February 13, 2024 | 9:05 pm
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NEGATIVE IMPACT
Corsair Gaming reported a Q4 EPS of $0.22, missing the estimated $0.25 by 12.0%, with a revenue increase of $18.56 million from the previous year.
Corsair Gaming's miss on the estimated earnings per share (EPS) by 12.0% is likely to negatively impact investor sentiment in the short term, especially considering the company's history of share price drops following missed EPS estimates. The increase in revenue may not fully mitigate the negative perception of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100