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Turtle Beach: 3Q Earnings Snapshot

·1 min read

SAN DIEGO (AP) _ Turtle Beach Corp (HEAR) on Thursday reported third-quarter net income of $17.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Diego-based company said it had profit of $1.04. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $1.05 per share.

The audio technology company posted revenue of $112.5 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $89.3 million.

Turtle Beach expects full-year earnings to be $1.75 per share.

Turtle Beach shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.73, an increase of 94% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HEAR at https://www.zacks.com/ap/HEAR