Why Investors Weren't Impressed With Corsair's Earnings Beat
Corsair Gaming (NASDAQ: CRSR) reported strong fourth-quarter results yesterday, but investors weren't impressed; shares dipped as much as 10% following the release. That's despite the fact that the company beat expectations and issued a rosy forecast. Revenue in the fourth quarter surged 70% to $556.3 million, ahead of the $530 million in sales that Wall Street was looking for. Adjusted earnings per share of $0.53 similarly topped the $0.46 per share in adjusted profits that analysts were modeling for.
Here are three possible explanations for what rattled investors.
Image source: Corsair Gaming.
Source Fool.com
