GoPro raises revenue forecast on strong demand for new cameras [Reuters]
GoPro, Inc. - Class A (GPRO)
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Source: Reuters
GoPro raises revenue forecast on strong demand for new cameras - Reuters 2 Min Read (Reuters) - GoPro Inc raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday, boosted by strong demand for its new line of action cameras from its flagship brand HERO, sending its shares up 13 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. Despite the challenges, the company said average selling prices for HERO7 Black camera rose 8 percent. 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 production to Mexico supports our goal to insulate us against possible tar
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GPRO
News
- 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 (GPRO) Plans to Reduce its Global Workforce by 4% [Yahoo! Finance]Yahoo! Finance
- 30 Countries with Most Dangerous Roads in the World [Yahoo! Finance]Yahoo! Finance
- 25 Countries with the Most Beautiful Sunset [Yahoo! Finance]Yahoo! Finance
- GoPro and PADI Link Up on New Specialty Certification Program for Scuba Divers [Yahoo! Finance]Yahoo! Finance
GPRO
Earnings
- 2/7/24 - Beat
GPRO
Sec Filings
- 3/26/24 - Form 8-K
- 3/11/24 - Form SC
- 2/20/24 - Form 4
- GPRO's page on the SEC website