Turtle Beach Reports Strong First Quarter 2020 Results And Raises Full-Year Outlook
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Turtle Beach (HEAR) Tops Q1 EPS by 47c; Issues Higher Outlook
May 7, 2020 5:47 PM EDTTurtle Beach (NASDAQ: HEAR) reported Q1 EPS of ($0.25), $0.47 better than the analyst estimate of ($0.72). Revenue for the quarter came in at $35 million versus the consensus estimate of $29.61 million.
"During the first quarter, as consumers around the world stayed home to help contain COVID-19, we saw strong demand for our products including record-setting retail sales and significant market share gains in March, which drove results that exceeded our expectations across all key financial metrics," said Juergen Stark, CEO, Turtle Beach. "Our headsets are also well-suited for learning and working remotely via video or audio... More
