GoPro lifts revenue forecast on new product slate, shares rebound [Reuters (UK)]
GoPro, Inc. - Class A (GPRO)
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Source: Reuters
GoPro lifts revenue forecast on new product slate, shares rebound - Reuters 3 Min Read (Reuters) - GoPro Inc ( GPRO.O ) raised its 2019 revenue forecast on Thursday, as the action camera maker bets on new releases slated for later this year and helping shares reverse course to trade up 5%. The company on a post earnings call that it now expected full-year revenue to grow between 9% and 12%, up from prior forecast of a 7% to 10% rise. “Thanks to continued demand in all regions, channel inventory is at appropriate levels globally and we believe we are well positioned for the launch of new products later this year,” Chief Executive Officer Nicholas Woodman said on the call with analysts. GoPro in 2018 launched the Hero 7 White, Hero 7 Silver and Hero 7 Black as part of its holiday line-up, which helped the company report its first profit in five quarters. “It is difficult to predict GoPro’s back-half success given that we have not yet seen the upcoming launch and we have very limited d
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GPRO
News
- US trade panel to probe GoPro's claims that Chinese firm violated its patents [Reuters]Reuters
- GoPro, Inc. (NASDAQ: GPRO) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $2.00 price target on the stock.MarketBeat
- 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
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