On Monday, Shares of Century Aluminum Co (NASDAQ:CENX), added 3.97% and closed at $9.94 in the last trading session. The last trading range of the stock ranges between $9.69 and $10.07. Century Aluminum Company, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes.
Turtle Beach Corp (NASDAQ:HEAR), dropped -18.13% and closed at $1.58 in the last trading session. The last trading range of the stock ranges between $1.45 and $1.65. The company’s Market capitalization is $106.27 million with the total Outstanding Shares of 49.23 million. Turtle Beach Corporation (NASDAQ: HEAR), a leading audio technology company, stated financial results for the third quarter ended September 30, 2016.
Third Quarter Summary vs. Same Year-Ago Quarter:
Net revenue raised 7% (8% in constant currency) to $38.4 million with new-gen headset sales up 41%.
Counting a charge related to the HyperSound restructuring, gross margin was 10.2% contrast to 26.7%. Apart From the charge, gross margin raised 200 basis points to 28.7% with headset gross margin up 550 basis points to 33.3%.
Counting $0.81 per share in charges related to the HyperSound restructuring, net loss was $(44.8) million or $(0.91) per share, contrast to a loss of $(15.9) million or $(0.38) per share. Apart From the charges, net loss in the third quarter of 2016 improved to $(4.7) million or $(0.10) per share.
Merged adjusted EBITDA improved to $0.5 million contrast to $(3.3) million, with headset adjusted EBITDA improving to $3.4 million contrast to $0.3 million.
“The third quarter was yet again driven by strong gains in our new-gen headset portfolio, led by continued demand for our entry-level RECON series gaming headsets and initial sell-in of the STEALTH 520 wireless headset,” said Juergen Stark, CEO, Turtle Beach Corporation. “In fact, new-gen headset sales were up 41%, highlighting the continued strength of our portfolio, considering the year-ago quarter represented a noteworthynew-gen sell-in period.