Turtle Beach (HEAR) Tops Q3 EPS by 6c

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Go back to Turtle Beach (HEAR) Tops Q3 EPS by 6c

Turtle Beach Reports Strong Third Quarter 2016 Results, Raises 2016 Revenue Outlook

November 10, 2016 4:05 PM EST

SAN DIEGO, Nov. 10, 2016 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), a leading audio technology company, reported financial results for the third quarter ended September 30, 2016.

Third Quarter Summary vs. Same Year-Ago Quarter:

Net revenue increased 7% (8% in constant currency) to $38.4 million with new-gen headset sales up 41%. Including a charge related to the HyperSound restructuring, gross margin was 10.2% compared to 26.7%. Excluding the charge, gross margin increased 200 basis points to 28.7% with headset gross margin up 550 basis points to 33.3%. Including... More