Corsair Gaming shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Corsair Gaming shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.
August 02, 2024 | 2:50 pm
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NEGATIVE IMPACT
Corsair Gaming shares are trading lower due to disappointing Q2 financial results and a reduction in FY24 revenue guidance below estimates.
The company's worse-than-expected Q2 financial results and the reduction in FY24 revenue guidance are significant negative factors that are likely to drive the stock price down in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100