Scalper1 News
Action camera maker GoPro (GPRO) delivered a highlight-reel worthy performance in the second quarter. But GoPro stock seesawed on Wednesday. It was down a fraction, near 62, in late-afternoon trading on the stock market today, after the company announced Q2 earnings late Tuesday. The San Mateo, Calif.-based company earned 35 cents a share excluding items, up 337% from the year-earlier quarter. Analysts polled by Thomson Reuters expected EPS of 26 cents. Sales rose 72% to $420 million, topping Wall Street’s target of $395 million. “Our performance was driven by the growing strength of our global brand, new products and the continued success of our Hero 4 line of cameras and accessories,” GoPro CEO Nick Woodman said on a conference call with analysts. For the current quarter, GoPro expects sales of $430 million and $445 million, with the midpoint representing a 56% increase. It forecasts Q3… Scalper1 News
Scalper1 News