We’re now in the thick of earnings season, and unanticipated reactions to company results have kept investors on their toes. Today’s Screen of the Day is Rising Estimates, which looks at stocks that have the greatest increase in earnings estimate revisions. That means analysts are betting on strong future results. Four hot tech stocks made it on the list: (FB), (GPRO), (AMBA) and (CMCM). Facebook Price Target Hikes Facebook is expected to see
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…
Action camera maker GoPro (GPRO) late Tuesday reported second-quarter earnings and sales that easily topped Wall Street expectations, as several new cameras launched over the past 10 months have begun to gain traction. But shares fell late. GoPro reported Q2 earnings per share excluding items of 35 cents, up 337% from the year-earlier quarter. Revenue jumped 72% to $420 million. Analysts polled by Thomson Reuters expected EPS ex items of 26 cents