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0.00232707150138349 0.0021843599825252 -0.00160186398718508 -0.00320372797437016 0.0170700451434397 0.018494247852046 0.0423794961409641 0.0212232415902142
Stock impact report

Corsair Crushes Sales Expectations, but Investors Still Hate Growth Stocks [The Motley Fool]

Corsair Gaming, Inc. (CRSR) 
Company Research Source: The Motley Fool
Corsair Gaming(NASDAQ:CRSRGaming and esports continue to be unstoppable megatrends, but the broader context for the dip is that growth stocks in thetech sectorlast quarterImage source: Corsair.Obliterating revenue expectationsRevenue in the first quarter soared by 7% to $9. million, decimating the consensus estimate of $9.7 million. Importantly, growth continues to accelerate in Corsair's Gamer and Creator Peripherals segment, which is far more profitable than the more mature Gaming Components and Systems business. The latter segment sells fairly commoditized components like computer memory, power supplies, and PC tower cases, while the real growth and profit driver is catering to livestreaming with products like control panels, capture cards, green screens, and other creative accessories.The complementary dynamic between those two businesses helps explain how gross profit more than doubled to $60. million, with gross margin expanding by 80 basis points (.8 percentage points) to 0.%.S Show less Read more
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