Turtle Beach Q4 EPS $0.47 Misses $0.60 Estimate, Sales $99.54M Miss $111.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Turtle Beach (NASDAQ:HEAR) reported Q4 earnings of $0.47 per share, missing the $0.60 estimate, and sales of $99.54M, missing the $111.60M estimate. This represents a 370% increase in earnings per share over the same period last year but a 1.35% decrease in sales.
March 13, 2024 | 8:25 pm
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Turtle Beach reported lower-than-expected Q4 earnings and sales, with a significant EPS increase from last year but a slight decrease in sales.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant increase in EPS year-over-year might mitigate some negative impact, but the miss on expectations and slight decrease in sales are likely to dominate investor reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100