GoPro's Earnings Beat Wasn't as Impressive as You Think [The Motley Fool]
GoPro, Inc. - Class A (GPRO)
Last gopro, inc. - class a earnings: 2/5 04:05 pm
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Source: The Motley Fool
There are some troubling trends in GoPro's results. GoPro Inc ( NASDAQ:GPRO ) reported earnings after the market closed on May 3 and the initial reaction by the market seems to be pretty positive, with shares jumping nearly 10% the next day and adding on more this week. If you just look at estimates from Wall Street versus what GoPro reported, there was reason to be excited. But I think there were troubling signs in the report that shouldn't be overlooked by investors. Image source: GoPro. First, the good news Revenue of $202.3 million and a net loss of $47.4 million, or $0.34 per share, were enough to top Wall Street's estimates and that's what has the stock moving higher. Analysts were expecting $184.2 million in revenue and a loss of $0.38 per share. Beyond the headline numbers, there were some positive signs for the business overall: Cash on the balance sheet was up from $74.9 million a year ago to $144.8 million at the end of the first quar
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GPRO
News
- GoPro, Inc. (NASDAQ:GPRO) is largely controlled by institutional shareholders who own 54% of the company [Yahoo! Finance]Yahoo! Finance
- GoPro Adds Eight Young 'Stars of Tomorrow' to its Professional Athlete Team [Yahoo! Finance]Yahoo! Finance
- GoPro Adds Eight Young 'Stars of Tomorrow' to its Professional Athlete TeamPR Newswire
- Action Camera Market To Reach USD 16.2 Billion By 2032, Report By DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- GoPro Announces First Quarter 2024 Earnings Webcast [Yahoo! Finance]Yahoo! Finance
GPRO
Earnings
- 2/7/24 - Beat
GPRO
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- GPRO's page on the SEC website