GoPro reports smaller-than-expected loss on lower costs [Reuters]
GoPro, Inc. - Class A (GPRO)
Last gopro, inc. - class a earnings: 2/5 04:05 pm
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Source: Reuters
GoPro reports smaller-than-expected loss on lower costs | Reuters Reuters Staff 2 Min Read (Reuters) - Action-camera maker GoPro Inc reported a smaller-than-expected first-quarter loss on Thursday as the company cut costs and sold more of its new entry-level cameras. Shares of the company rose 2.4 percent to $5.08 in extended trading as the company’s quarterly revenue also beat Wall Street expectations. Total operating expenses fell to $119.7 million from $156.8 million. The company - which exited its Karma drone business to stem losses- has been trying to attract users with its $199.99 entry-level HERO camera that was announced in March. The company in April also announced huge discounts and trade-up programs for its premium products. Demand for GoPro’s cameras have been waning as users move to cheaper options and smartphones with powerful cameras. The company’s net loss narrowed to $76.3 million, or 55 cents per share, in the quarter ended March 31, from $111.2 million, or 78 cents
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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