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Stock impact report

GoPro sales top estimates on new camera models, shares gain [Business News Network (BNN) Energy & Resources (Canada)]

GoPro, Inc. - Class A (GPRO) 
Last gopro, inc. - class a earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.gopro.com
GoPro sales top estimates on new camera models, shares gain GoPro Inc. posted sales that exceeded analyst estimates, suggesting the struggling hardware company is still attracting consumers despite growing competition from cheaper alternatives. Shares jumped as much as 11 per cent in extended trading. Revenue decreased 7.4 per cent to US$202.3 million in the first quarter, beating analysts’ projections of US$182.2 million, the San Mateo, California-based company said Thursday in a statement. The company narrowed its net loss to US$76.3 million, or 55 cents a share, in the period. Excluding certain items, the loss was 34 cents, compared with analyst estimates of 36 cents. GoPro’s shares have plunged about 34 per cent this year, suggesting investors are less than impressed with the company’s efforts to revive the business. It has cut prices on popular cameras and rolled out a new, cheaper device to entice new consumers. GoPro has also introduced the Fusion, a 360-degree high-end, spheri Show less Read more
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