Turtle Beach reports Q2 EPS (14c), consensus (24c)

Reports Q2 revenue $56.78M, consensus $56.34M. “I’m pleased to report Turtle Beach’s (TBCH) continued execution in a dynamic economic environment,” said Cris Keirn, Chief Executive Officer, Turtle Beach Corporation. “Our second quarter results and confirmation of full year guidance reflects our organization’s agility in navigating the current challenges in the macro environment and gaming accessories markets. The swift actions we have taken on our ongoing cost optimization initiatives and rapid adaptation of our production strategy have significantly mitigated tariff impacts on our business. Year-over-year gross margin for the quarter improved to over 32% despite an approximate 150 basis point negative impact from tariffs. With the improvements seen in markets for Q2 expected to continue into the second half of the year, we expect revenue and profitability to recover in support of our full year guidance.”