RTTNews | Oct 15, 2021 10:44AM EDT

10:44 Friday, October 15, 2021 (RTTNews.com) - Shares of Corsair Gaming, Inc. (CRSR) are down more than 8% Friday morning after the company said supply chain issues hurt its sales in the third quarter and full-year.

The company reported third-quarter preliminary revenue of about $391 million, that falls short of analysts' view of $484.11 million.

Additionally, Corsair lowered its full-year revenue outlook to the range of $1.825 billion to $1.925 billion from $1.9 billion - $2.1 billion provided earlier. The consensus estimate stands at $2.04 billion.

The company is scheduled to report its third quarter results on November 2, 2021.

CRSR is at $24.59 currently. It has traded in the range of $18.31- $51.37 in the last one year.

Read the original article on RTTNews ( https://www.rttnews.com/3233031/corsair-gaming-on-revenue-decline-lower-guidance.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved