UPDATE 1-GoPro beats revenue estimates, posts smaller loss than expected [Reuters]
GoPro, Inc. - Class A (GPRO)
Last gopro, inc. - class a earnings: 2/5 04:05 pm
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Source: Reuters
GoPro beats revenue estimates, posts smaller loss than expected - Reuters 2 Min Read (Reuters) - GoPro Inc topped Wall Street estimates for quarterly revenue and reported a smaller-than-feared loss on Thursday, driven by strong demand for its new range of cheaper action cameras from flagship brand HERO. The company’s action cameras, which were once a must-have for surfers, sky divers and Instagram travel bloggers, have been facing stiff competition from pocket-friendly smartphones with constantly improving camera quality. GoPro’s cheaper HERO cameras, job cuts and exit from its failing drone business have helped the business to keep losses in check and revive margins. The San Mateo, California-based company said its sales through retailers grew 11 percent in Asian markets, including Japan, China and Korea, and reported an 89 percent share of the U.S. action camera market by units. The company incurred a net loss of $24 million, or 17 cents per share, in the first quarter ended March 3
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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