GoPro shares fall after results miss Street expectations GoPro shares initially plummeted after the company reported quarterly results that missed analysts' expectations on Thursday. Here's how the company did compared with what Wall Street expected: Adjusted loss per share: 30 cents vs. 11 cents expected according to Thomson Reuters Revenue: $334.8 million vs. $340.1 million expected according to Thomson Reuters That revenue figure came in below the $340 million the company forecast in early January when GoPro lowered its guidance. At the time, GoPro said it expected fourth-quarter revenue of about $340 million. That announcement sent the stock to an all-time intraday low of $5.04 a share. GoPro shares ended Thursday's regular session at $5.50. Following its fourth-quarter results, GoPro initially plunged as much as 11 percent in after-hours trade. The stock has since rebounded, but was still seen trading more than 3 percent below its closing price in choppy late trading. (Click here to read more!)
GoPro operates in a highly competitive cameras and camcorders market. The market has an extensive presence of well-known camera makers like Canon, Nikon and Olympus. Additionally, many electronics giants like Sony, Samsung and Panasonic have penetrated into capture devices market, thereby pushing the level of competition a notch higher...
Has been consolidating here around 6.35, with a rising trendline. Look out for a short squeeze if it starts breaking out, still 22% of the float is short.
Analyst Oppenheimer says it's time to buy https://www.marketwatch.com/story/g...oppenheimer-says-it-is-time-to-buy-2018-09-26 "citing optimism surrounding new product launches and a new focused strategy." "said the products should be enhanced by targeted marketing and a "vastly improved" software editing suite."
Recent quarterly revenues increased +114% versus the prior year Q3. About 30% of revenues now come from GoPro.com, subscribers to that site increased +65%. So this thing is not dead yet.
GoPro Inc NASDAQ: GPRO 8.65 USD +0.21 (2.49%) Closed: Dec 10, 4:31 PM EST · Disclaimer After hours 8.62 −0.030 (0.35%)
Earnings this week. Estimates for Q4 are very low ($373m revenues, they did $377m two years ago and $528m last year). It's not a slam dunk, since action cameras don't seem to be something in high demand during a pandemic.
