Turtle Beach (NASDAQ: HEAR ) stock was gaining after the bell following the company's quarterly earnings report, which included a profit and revenue that topped analysts' outlook.
The company said that for the period, it brought in earnings of 40 cents per share, which was stronger than the losses of 2 cents per share that analysts were calling for. It also amassed revenue of $60.8 million during the period, which was stronger than the Wall Street consensus estimate for revenue of $47.9 million.
Both figures were stronger than they were during the year-ago quarter, when Turtle Beach posted losses of 57 cents per share and revenue of $19.1 million. For the third quarter of the current fiscal year, the company sees earnings at 44 cents per share, ahead of the losses of 4 cents per share from the year-ago quarter.
Analysts are calling for the headset maker to bring in losses of 4 cents per share. Turtle Beach also forecasts revenue of $65 million, an 81% increase compared to the year-ago quarter, while analysts estimate sales of $38.3 million.
HEAR stock surged 1.5% after hours Monday on its strong earnings showing, while shares were down 6.1% during regular trading hours.
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