Corsair Gaming (NASDAQ:CRSR) reported fourth-quarter financial results Thursday after market close.
Here are the key highlights and why shares are soaring on Thursday.
Corsair Q4 and Full Year Results
Corsair Gaming reported fourth-quarter revenue of $436.86 million, up 6% year-over-year. The revenue total beat a Street consensus estimate of $421.99 million, according to data from Benzinga Pro.
The company reported earnings per share of 43 cents for the fourth quarter, beating a Street consensus estimate of 27 cents per share.
Gaming Components and Systems segment revenue was up 11% year-over-year in the fourth quarter, with memory products seeing strong demand.
“The Corsair team was able to successfully navigate a constrained global semiconductor market to secure supply for the robust global demand we saw for …