GoPro tops revenue estimates, shares rise [Reuters (UK)]
GoPro, Inc. - Class A (GPRO)
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Source: Reuters
GoPro tops revenue estimates, shares rise | Reuters Reuters Staff 1 Min Read (Reuters) - Action-camera maker GoPro Inc topped Wall Street estimates for second-quarter revenue and reported a smaller-than-expected loss on Thursday, sending its shares up 8 percent. GoPro is benefiting from efforts such a cheaper $200 entry level Hero camera, stepped up marketing and jobs cuts launched to counter tepid demand amid rising popularity of pocket friendly smartphones with powerful cameras. The company has also exited its drone business to help contain losses. GoPro reported a bigger net loss of $37.3 million, or 27 cents per share, in the second-quarter ended June 30, from a loss of $30.5 million, or 22 cents per share, a year earlier. Excluding items, the company lost 15 cents per share, smaller than analysts’ expectation of a loss of 22 cents. Revenue fell 5 percent to $282.7 million, but topped estimate of $270.2 million, according to Thomson Reuters I/B/E/S. Shares rose 8.5 percent to $6.4
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News
- 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
- GoPro Returns to the Pinnacle of Motorcycle Racing as Title Sponsor of MotoGP™ Gran Premio GoPro de Aragon [Yahoo! Finance]Yahoo! Finance
- GoPro Returns to the Pinnacle of Motorcycle Racing as Title Sponsor of MotoGP™ Gran Premio GoPro de AragonPR Newswire
- GoPro, Inc. (NASDAQ: GPRO) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $2.00 price target on the stock.MarketBeat
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