GoPro raises full-year revenue outlook as cheaper cameras click [Reuters (UK)]
GoPro, Inc. - Class A (GPRO)
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Source: Reuters
GoPro raises full-year revenue outlook as cheaper cameras click - Reuters 2 Min Read (Reuters) - GoPro Inc raised its full-year revenue forecast and reported a smaller-than-feared loss on Thursday, boosted by strong demand for its new range of cheaper action cameras from flagship brand HERO, sending its shares up 10 percent. The company’s action cameras, which are popular among surfers, sky divers and Instagram travel bloggers, have been facing stiff competition from smartphones with constantly improving camera quality. GoPro’s cheaper HERO cameras, increased marketing spend, job cuts and exit from its failing drone business have helped the company keep losses in check and revive margins. The company raised its revenue forecast for 2019 to between 7 percent and 10 percent, from its previous forecast of 5 percent and 8 percent. GoPro also said it expects most of its cameras for the U.S. market to be made in Mexico in the second half of 2019. “Our decision to move most of our US-bound p
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GPRO
News
- 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
- GoPro Announces First Quarter 2024 Earnings WebcastPR Newswire
- GoPro Mountain Games Outdoor Festival Set to Kick off Summer in Picturesque Vail, Colorado [Yahoo! Finance]Yahoo! Finance
- GoPro Mountain Games Outdoor Festival Set to Kick off Summer in Picturesque Vail, ColoradoPR Newswire
GPRO
Earnings
- 2/7/24 - Beat
GPRO
Sec Filings
- 4/12/24 - Form PRE
- 3/26/24 - Form 8-K
- 3/11/24 - Form SC
- GPRO's page on the SEC website