Corsair Gaming (CRSR) Stock Down on Q4 Earnings & Revenue Miss [Yahoo! Finance]
Corsair Gaming, Inc. (CRSR)
Company Research
Source: Yahoo! Finance
However, the top and the bottom line increased on a year-over-year basis. The upside was backed by strong demand for new products, reduced promotional activities and improved inventory levels. Also, strong Gamer and Creator Peripherals segment performance added to the positive. The company returned to target inventory levels in the channel and warehouses, with some categories even lighter than expected, including recent product launches. CRSR expects to build on this momentum in 2024, with a strong demand outlook for new products, improved profitability and continued growth in adjusted EBITDA. Following the results, CRSR's stock dropped 4.1% in the after-hour trading session on Feb 13, 2024. Earnings & Revenue Discussion During fourth-quarter 2023, CRSR reported adjusted earnings per share (EPS) of 22 cents, missing the Zacks Consensus Estimate of 24 cents. Yet, the bottom line increased 10% from 20 cents reported a year ago. Corsair Gaming, Inc. Price, Consensus and EPS S
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CRSR
News
- Corsair Gaming to Report Q1 2024 Financial Results on May 7 [Yahoo! Finance]Yahoo! Finance
- Corsair Gaming to Report Q1 2024 Financial Results on May 7Business Wire
- New Stream Deck and Wave Mic Among Five Products Announced by ElgatoBusiness Wire
- Corsair Gaming, Inc.'s (NASDAQ:CRSR) recent 4.6% pullback adds to one-year year losses, institutional owners may take drastic measures [Yahoo! Finance]Yahoo! Finance
- Gaming Peripherals Strategic Business Report 2024-2030: On-Demand Gaming as a Service (GaaS) Spurs Opportunities for Gaming Peripherals [Yahoo! Finance]Yahoo! Finance
CRSR
Earnings
- 2/13/24 - Beat
CRSR
Sec Filings
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- 2/27/24 - Form 10-K
- CRSR's page on the SEC website