SAN DIEGO (AP) — SAN DIEGO (AP) — Turtle Beach Corp (TBCH) on Thursday reported a loss of $15.2 million in its first quarter.
The San Diego-based company said it had a loss of 78 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share.
The audio technology company posted revenue of $42.2 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $46.1 million.
Turtle Beach expects full-year revenue in the range of $335 million to $355 million.
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