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GoPro (GPRO) Stock Tanks on Q3 Earnings and Revenue Misses
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GoPro Earnings Report (GPRO - Free Report) just released its third-quarter earnings results, posting earnings of -$0.70 per share and revenue of $240.57 million.
Currently, GPRO has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
GoPro:
Missed earnings estimates. The company posted a loss of 70 cents per share (excludes four cents from non-recurring items), missing our Zacks Consensus Estimate of -$0.54.
Missed revenue estimates. The company saw revenue figures of $240.57 million, falling well behind our estimate of $303 million.
GoPro provided guidance for Q4. The company expects revenue of $625 million (+/- $25 million).
The company said that it expects to return to profitability by 2017.
GPRO was down 21.11% to $9.42 as of 4:54 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at GoPro’s latest earnings performance:
GoPro, Inc. engages in producing wearable HD camcorders, known as action cameras and related accessories. It also curates videos shot on its cameras and broadcasts those videos on its own channel on YouTube, Xbox Live and Virgin Atlantic flights. The company offers HERO line of cameras; premium accessories; and mounts comprising equipment-based mounts.
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GoPro (GPRO) Stock Tanks on Q3 Earnings and Revenue Misses
GoPro Earnings Report (GPRO - Free Report) just released its third-quarter earnings results, posting earnings of -$0.70 per share and revenue of $240.57 million.
Currently, GPRO has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
GoPro:
Missed earnings estimates. The company posted a loss of 70 cents per share (excludes four cents from non-recurring items), missing our Zacks Consensus Estimate of -$0.54.
Missed revenue estimates. The company saw revenue figures of $240.57 million, falling well behind our estimate of $303 million.
GoPro provided guidance for Q4. The company expects revenue of $625 million (+/- $25 million).
The company said that it expects to return to profitability by 2017.
GPRO was down 21.11% to $9.42 as of 4:54 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at GoPro’s latest earnings performance:
GOPRO INC-A Price, Consensus and EPS Surprise
GOPRO INC-A Price, Consensus and EPS Surprise | GOPRO INC-A Quote
GoPro, Inc. engages in producing wearable HD camcorders, known as action cameras and related accessories. It also curates videos shot on its cameras and broadcasts those videos on its own channel on YouTube, Xbox Live and Virgin Atlantic flights. The company offers HERO line of cameras; premium accessories; and mounts comprising equipment-based mounts.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>