Corsair Gaming Q1 Revenue Edges Past Estimates, Reports $13.1M Net Income
CRSR sits 63% above its 52-week low of $4.48.
Summary
Corsair Gaming reported first-quarter revenue of $354.512 million, slightly surpassing the IBES estimate of $352.4 million. The company also announced a net income of $13.057 million, an operating income of $13.796 million, and a gross profit of $116.029 million for the quarter. This actual performance follows recent analyst anticipations for Q1 EPS, providing definitive financial results. While the revenue beat was modest, these figures are crucial for traders to assess the company's current operational health and profitability. Investors will now look to the full earnings report and management commentary for insights into future guidance and market trends.
At the time of this announcement, CRSR was trading at $7.32 on NASDAQ in the Technology sector, with a market capitalization of approximately $756.2M. The 52-week trading range was $4.48 to $10.29. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.