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Stock impact report

GoPro stock jumps after earnings suggest strong start for cheaper camera [MarketWatch]

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
Company Research Source: MarketWatch
GoPro stock jumps after earnings suggest strong start for cheaper camera GoPro Inc. GPRO, -0.20% shares rocketed higher in after-hours trading Thursday afternoon, after the company found some success with a new low-cost action camera and beat expectations. GoPro reported a first-quarter net loss of $76.3 million, or 55 cents a share, on sales of $202.3 million, down from $218.6 million a year ago. After adjustments for stock-based compensation and other effects, GoPro claimed a loss of 34 cents a share, an improvement from last year's adjusted loss of 44 cents a share. Analysts on average expected an adjusted loss of 38 cents a share on sales of $182 million. While revenue still declined year-over-year, unit sales increased 3%, suggesting a strong early showing for the lower cost Hero camera GoPro recently introduced to the market. "Initial demand for Hero is promising and we expect it to improve as large retail partners like Target and Walmart begin selling the product in the seco Show less Read more
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