GoPro sees revenue above estimates, plans three new cameras [Reuters]
GoPro, Inc. - Class A (GPRO)
Last gopro, inc. - class a earnings: 2/5 04:05 pm
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Source: Reuters
GoPro sees revenue above estimates, plans three new cameras | Reuters 3 Min Read (Reuters) - Action-camera maker GoPro Inc forecast current-quarter revenue above Wall Street estimates on Thursday and said it would launch three new cheaper cameras for the holiday season. GoPro’s new low-priced models of its flagship Hero camera follow a $200 model launched in March and builds on efforts to bring back action enthusiasts who have switched to pocket-friendly smartphones with powerful cameras. “Launching a new entry-level camera this holiday season is a benefit to the consumer and to GoPro’s margin as well,” Chief Executive Officer Nicholas Woodman said on a post-earnings call, adding that he believed the company will be profitable in the second half of 2018. The company said the cheaper $200 camera did not cannibalize demand for its high-end cameras, which can cost up to $700. “Against our estimates, average selling prices were better and margins were better than guidance for high-20s, in
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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