Corsair Gaming stock falls as revenue outlook comes up short [Yahoo! Finance News]
Corsair Gaming, Inc. (CRSR)
Company Research
Source: Yahoo! Finance News
Corsair Gaming Inc. shares fell in the extended session Thursday after the gaming-gear company forecast second-quarter revenue well below the Wall Street consensus while offering a hint of a more optimistic second half of the year., The company said it expects second-quarter revenue of about $284 million, while analysts surveyed by FactSet were estimating an average of $350.2 million. Corsair is scheduled to report results Aug. 4 after the market closes.“The first half of the year has been a challenging time, as we expected, with macroeconomic headwinds affecting consumer spending on gaming gear, especially in ,” said Andy Paul, Corsair’s chief executive, in a statement. “This has caused a buildup of inventory both in our warehouses as well as in the retail channel, thus causing our channel partners to delay ordering while they clear this excess.”While the first half of the year proved to be a disappointment, the CEO said that healthy Amazon, From April:The pandemic P
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CRSR
News
- 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
- Corsair Gaming: The PC Market Is Coming Back To Life, But Still A Long Way To Go [Seeking Alpha]Seeking Alpha
- Corsair Gaming: Gaming Peripheral Space Leader, A Speculative Buy [Seeking Alpha]Seeking Alpha
CRSR
Earnings
- 2/13/24 - Beat
CRSR
Sec Filings
- 2/27/24 - Form 10-K
- 2/21/24 - Form 4
- 2/21/24 - Form 4
- CRSR's page on the SEC website