Why Corsair Gaming Stock Skyrocketed by 35% Today
Investors couldn't help but notice the company's convincing beats on second-quarter analyst estimates.
Overview
Corsair Gaming (NASDAQ: CRSR) won big on the stock exchange Friday, on the back of a solid quarterly earnings release. Investors piled into the company's stock enthusiastically enough to send it to an over 35% gain that trading session.
In the second quarter, the details of which the company published after market close on Thursday, net revenue actually declined. This fell by nearly 2% year over year to $314.3 million.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.