Turtle Beach (HEAR) Tops Q1 EPS by 4c
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Turtle Beach Reports First Quarter 2017 Results Exceeding Revenue, EPS And Adjusted EBITDA Outlook
May 9, 2017 4:05 PM EDTSAN DIEGO, May 9, 2017 /PRNewswire/ --Â Turtle Beach Corporation (NASDAQ: Â HEAR), a leading gaming headset and audio accessory company, reported financial results for the first quarter ended March 31, 2017.
First Quarter Summary vs. Year-Ago Quarter:
Net revenue of $14.4 million versus $24.0 million, reflecting the expected impact from higher holiday channel inventory. Gross margin improved 140 basis points to 15.4% compared to 14.0%, with headset gross margin of 19.5% versus 19.9%. Operating expenses... More