Turtle Beach: Q2 Earnings Snapshot

Associated Press Finance
09 Aug 2024

WHITE PLAINS, N.Y. (AP) — WHITE PLAINS, N.Y. (AP) — Turtle Beach Corp (HEAR) on Thursday reported a loss of $7.5 million in its second quarter.

The White Plains, New York-based company said it had a loss of 35 cents per share. Losses, adjusted for costs related to mergers and acquisitions, were 30 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The audio technology company posted revenue of $76.5 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $71 million.

Turtle Beach expects full-year revenue in the range of $370 million to $380 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HEAR at https://www.zacks.com/ap/HEAR

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