Corsair Gaming Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-08

Corsair Gaming (NASDAQ:CRSR) Third Quarter 2024 Results Key Financial Results Revenue: US$304.2m (down 16% from 3Q 2023). Net loss: US$58.4m (loss widened by US$55.3m from 3Q 2023). US$0.56 loss per ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates significantly.Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Tech industry in the US.The company's shares are up 6.8% from a week ago.While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Corsair Gaming's balance sheet and an in-depth analysis of the company's financial position.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CRSR":"Corsair Gaming, Inc."},"translate_title":"Corsair Gaming 2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRSR":1},"content_text":"Corsair Gaming (NASDAQ:CRSR) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$304.2m (down 16% from 3Q 2023).\nNet loss: US$58.4m (loss widened by US$55.3m from 3Q 2023).\nUS$0.56 loss per share (further deteriorated from US$0.03 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:CRSR Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCorsair Gaming EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. \n Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Tech industry in the US. \nPerformance of the American Tech industry.\n The company's shares are up 6.8% from a week ago. \nBalance Sheet Analysis\n While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Corsair Gaming's balance sheet and an in-depth analysis of the company's financial position. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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