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Turtle Beach stock rises after earnings beat

Turtle Beach Corp. shares rose more than 6% in the extended session Wednesday after it beat earnings and revenue expectations. The company reported first-quarter net income of $3.1 million, or 9 cents a share, compared with $2 million, or 16 cents a share, in the year-ago period. Adjusted for acquisition integration costs, earnings were 13 cents a share. Revenue rose to $44.8 million from $40.9 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 3 cents a share on revenue of $41.8 million. For the second quarter, analysts model adjusted earnings of 4 cents a share and revenue of $44.3 million. Turtle Beach stock has gained 38% in the past year, with the S&P 500 index rising 8%.