GoPro tops revenue estimates, posts first profit in five quarters [Reuters (UK)]
GoPro, Inc. - Class A (GPRO)
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Source: Reuters
GoPro tops revenue estimates, posts first profit in five quarters | Reuters 2 Min Read (Reuters) - GoPro Inc reported its first profit in five quarters on Wednesday and topped Wall Street estimates for revenue, as it cut costs and saw strong demand for HERO 7 action cameras, the cheapest so far in its flagship line. GoPro, whose mounted cameras are used by everyone from action junkies to Instagram travel bloggers, has launched cheaper products to drive demand, exited a failing drone business and become leaner through job cuts, helping it revive profit margins. Still, its action cameras face stiff competition from ever-improving cameras on smartphones. In the December quarter, GoPro said it gained market share in Asian markets including Japan, China, Korea and Thailand, while in the United States it had an 87 percent share of the action camera market by units. “With this momentum and a continued focus on expense management, we’re planning for growth and profitability in 2019,” GoPro Ch
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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