Turtle Beach: Q2 Earnings Snapshot

August 8, 2022 GMT

WHITE PLAINS, N.Y. (AP) _ Turtle Beach Corp (HEAR) on Monday reported a second-quarter loss of $17.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the White Plains, New York-based company said it had a loss of $1.08. Losses, adjusted for non-recurring costs, came to 77 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.

The audio technology company posted revenue of $41.3 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $50.7 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