The gaming peripherals maker reported a wider-than-expected GAAP loss and lower revenue in its latest quarterly results.
Turtle Beach posted a GAAP earnings per share loss of $0.78, missing estimates by $0.34. Revenue reached $42.2M, falling short of expectations by $4.67M for the quarter.
Analysts had anticipated a narrower loss and higher revenue, reflecting weaker-than-expected demand. The company’s prior quarter results showed a smaller gap between actual and projected figures.
Shares may face pressure as investors assess the underperformance and its implications for future growth.