GoPro Inc (GPRO) Releases Earnings Results, Misses Expectations By $-0.04 EPS

GoPro Inc (GPRO) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.63 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.59. The company posted revenue of $183.50 million in the period, compared to analysts expectations of $169.55 million. The company’s revenue was down -49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

GoPro Inc closed down -0.25 points or -2.15% at $11.4 with 61,83,510 shares getting traded on Wednesday. Post opening the session at $11.54, the shares hit an intraday low of $11.17 and an intraday high of $11.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 4, 2016, Anthony John Bates (President) sold 9,757 shares at $14.05 per share price. According to the SEC, on Dec 2, 2015, Edward A Gilhuly (director) sold 6,344 shares at $20.50 per share price. On Sep 18, 2015, Sharon S Zezima (General Counsel, Secretary) sold 6,000 shares at $35.00 per share price, according to the Form-4 filing with the securities and exchange commission.

GoPro Inc. produces mountable and wearable cameras and accessories which the Company refers to as capture devices. Additionally the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices which include HERO2 HERO3 camera the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts such as the helmet handlebar roll bar as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers wholesale distributors and on the Company’s Website.

GoPro Inc

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