NewzSAN DIEGO (AP) — SAN DIEGO (AP) — Turtle Beach Corp (TBCH) on Thursday reported a loss of $7.3 million in its second quarter. The San Diego-based company said it had a loss of 38 cents per share. Losses, adjusted for non-recurring costs, were 36 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share. The audio technology company posted revenue of $56.4 million in the period, also falling short of Street forecasts.
Three analysts surveyed by Zacks expected $60.5 million. Turtle Beach expects full-year revenue in the range of $335 million to $355 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on TBCH at https://www.zacks.com/ap/TBCH Source (SYNA) on Thursday reported a loss of $447.4 million in its fiscal fourth quarter. The San Jose, California-based company said it had a loss of $11.53 per share.
Earnings, adjusted for pretax expenses and costs related to mergers and acquisitions, came to $1.23 per share. The results surpassed Wall Street expectations. The maker of touch-screen technology posted revenue of $308 million in the period, which also beat Street forecasts.
Three analysts surveyed by Zacks expected $305 million. For the year, the company reported a loss of $490.8 million, or $12.62 per share. Revenue was reported as $1.2 billion.
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