Corsair Gaming (CRSR) Stock Down on Q4 Earnings & Revenue Miss
sair Gaming(CRSR) Zacks Investment Research·2024-02-15 01:36
Corsair Gaming, Inc. (CRSR) reported mixed fourth-quarter 2023 results, with earnings and revenues missing the Zacks Consensus Estimate. However, the top and the bottom line increased on a year-over-year basis.The upside was backed by strong demand for new products, reduced promotional activities and improved inventory levels. Also, strong Gamer and Creator Peripherals segment performance added to the positive.The company returned to target inventory levels in the channel and warehouses, with some categorie ...