GoPro tops revenue estimates amid signs of turnaround [Reuters]
GoPro, Inc. - Class A (GPRO)
Last gopro, inc. - class a earnings: 2/5 04:05 pm
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Source: Reuters
GoPro tops revenue estimates amid signs of turnaround | Reuters Reuters Staff 2 Min Read (Reuters) - GoPro Inc topped Wall Street estimates for second-quarter revenue and reported a smaller-than-expected loss on Thursday, as the action-camera maker rebuilds its business. The company’s shares were flat after the bell in choppy trading, giving up an 8 percent gain earlier in the session. GoPro’s trademark action-cameras, once a must-have for surfers, skydivers and other action junkies, have been hit by intensifying competition from pocket friendly smartphones with powerful cameras and a fast saturating market. The stock, a one-time investor favorite following a blockbuster market debut in 2014, is down nearly 21 percent this year. GoPro has since launched a cheaper $200 entry level Hero camera, stepped up marketing efforts, cut jobs and exited its Karma drone business to check losses. “We believe GoPro will be profitable in the second half of 2018,” Chief Executive Officer Nicholas Wood
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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