Corsair Stock Falls as Inflation Rises and Gaming Demand Decreases

Corsair Stock Falls as Inflation Rises and Gaming Demand Decreases

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Corsair appears to have had a rough start to 2022. The popular PCs components and peripherals maker released its preliminary Q1 2022 results yesterday. It is fair to say the firm’s share price has taken a beating today, down by over 10%. The problem is that the preliminaries telegraphed some disappointing financials ahead of when the Q1 2022 full results are due to be shared (3 pm Pacific time on Thursday, May 5, 2022).

(Image credit: Future)

Let us get an idea of how poor the Q1 2022 financials (for the three months ending March 31, 2022) are expected to be. Corsair says that its preliminary unaudited revenue for Q1 was approximately $380 million. This figure is low by two popular metrics – it is about 28% lower than a year ago, and it is well below consensus revenue estimates of $449.73 million.



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