Turtle Beach Q2 2024 Adj. EPS $(0.35) Misses $(0.30) Estimate, Sales $76.478M Beat $70.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Turtle Beach (NASDAQ:HEAR) reported Q2 2024 adjusted EPS of $(0.35), missing the $(0.30) estimate, but achieved sales of $76.478M, beating the $70.650M estimate. Sales increased by 59.39% year-over-year.
August 08, 2024 | 9:12 pm
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Turtle Beach reported a Q2 2024 adjusted EPS of $(0.35), missing the $(0.30) estimate by 16.67%. However, sales of $76.478M beat the $70.650M estimate by 8.25%, marking a 59.39% increase year-over-year.
The mixed results, with an EPS miss but a significant sales beat and strong year-over-year growth, suggest a neutral short-term impact. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100