Newegg Announces First Half 2024 Results [Yahoo! Finance]
Newegg Commerce, Inc. - Common Shares (NEGG)
Company Research
Source: Yahoo! Finance
e-commerce retailer, today announced results for the six months ended June 30, 2024. Newegg Chief Executive Officer Anthony Chow stated, "As expected, the first half of the year saw a slowdown in computer hardware sales due to ongoing macroeconomic challenges and a shortage of new product launches. However, we anticipate a rebound in sales during the second half as consumers begin to upgrade their pandemic-era devices. We believe the increasing availability, affordability, and capabilities of AI-powered PCs will strengthen our long-term outlook for core computer sales. We are particularly enthusiastic about the upcoming release of next-generation CPUs from AMD and Intel, which we expect to drive component sales and fuel demand for refreshed desktop systems among both consumers and system integrators." Newegg Chief Accounting Officer Christina Ching added, "In the first half of 2024, our industry faced continued macroeconomic challenges from high interest rates, inflation, and cons
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Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- 11/19/24 - Form 144
- NEGG's page on the SEC website