Turtle Beach Reports Fourth Quarter And Full Year 2019 Results
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Turtle Beach (HEAR) Tops Q4 EPS by 13c; Offers Q1 & FY20 EPS/Revenue Guidance
March 10, 2020 4:11 PM EDTTurtle Beach (NASDAQ: HEAR) reported Q4 EPS of $0.83, $0.13 better than the analyst estimate of $0.70. Revenue for the quarter came in at $101.8 million versus the consensus estimate of $101.37 million.
Fourth Quarter Summary vs. Year-Ago Quarter:
Net revenue was $101.8 million ($102.1 million in constant currency) versus $111.3 million;Net income of $20.4 million, or $1.29 per diluted share (includes $7.4 million benefit from the release of valuation allowances on deferred tax assets), compared to net income of $24.6 million, or $1.33 per diluted share; andAdjusted EBITDA was $16.6 million compared to $25.0 million."As indicated in our... More
