Corsair Shares Drop Despite Margin Recovery
Corsair Gaming shares fell 1.5% to $6.78 Thursday morning in New York, lagging tech peers ahead of a June 4 investor meeting. March-quarter revenue dropped 4.1% to $354.5 million, but gross margin rose to 32.7%. Net income reached $13.1 million, reversing a loss last year. The company repurchased 0.9 million shares for $5 million in Q1.