— Turtle Beach Corporation (NASDAQ: HEAR) reported third-quarter 2019 loss of $0.18 per share, vs. $0.23 per share loss expected.
— Total revenue fell 38% to $46.7 million, vs. $42.8 million expected. The decrease was primarily due to the expected decline in demand from the record levels in the prior year, driven by new headset users buying their first headset for Battle Royale games.
— Q3 Adjusted EBITDA of $0.3 million, compared to $17.6 million in the year-ago quarter
— For FY19, now expects revenue to range between $236 million and $242 million, compared to the earlier guidance of $240 million to $248 million. Adjusted EPS for this period is expected to range between $0.65 and $0.75, lower than the prior guidance of $0.90 to $1.10 per share.
— HEAR shares plunged 15% immediately following the announcement.
Most Popular
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5
