GoPro Inc (GPRO) Releases Earnings Results, Beats Expectations By $0.06 EPS

GoPro Inc (GPRO) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $-0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.58. The company posted revenue of $220.80 million in the period, compared to analysts expectations of $194.37 million. The company’s revenue was down -47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on GoPro Inc. GoPro Inc was Initiated by Longbow to “Neutral” on Jun 14, 2016.

GoPro Inc opened for trading at $12.15 and hit $13.28 on the upside on Thursday, eventually ending the session at $13.02, with a gain of 12.53% or 1.45 points. The heightened volatility saw the trading volume jump to 2,41,21,263 shares. Company has a market cap of $1,799 M.

In a different news, on Jun 8, 2016, Anthony John Bates (President) sold 9,704 shares at $10.79 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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