Corsair Gaming Q2 2024 Adj. EPS $(0.07) Misses $0.05 Estimate, Sales $261.300M Miss $290.301M Estimate
Portfolio Pulse from Benzinga Newsdesk
Corsair Gaming (NASDAQ:CRSR) reported Q2 2024 adjusted EPS of $(0.07), missing the $0.05 estimate by 240%. Sales were $261.3M, missing the $290.301M estimate by 9.99%. This represents a 177.78% decrease in EPS and a 19.71% decrease in sales compared to the same period last year.
August 01, 2024 | 8:01 pm
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NEGATIVE IMPACT
Corsair Gaming reported a significant miss on both EPS and sales for Q2 2024, with EPS down 177.78% and sales down 19.71% year-over-year. This is likely to negatively impact the stock price in the short term.
The significant miss on both EPS and sales, combined with a substantial year-over-year decline, is likely to result in a negative short-term impact on Corsair Gaming's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100