Tag Archives: gpro

GoPro Jumps On Earnings, Bullish Outlook, Acquisition

Action camera maker GoPro late Tuesday posted better-than-expected Q1 sales and earnings and announced plans to buy a French company that specializes in 360-degree video technology. GoPro (GPRO) also gave June-quarter guidance that was well ahead of Wall Street’s targets. For Q1, GoPro earned 24 cents a share excluding items, up 140% year over year, on sales of $363 million, up 54%. Analysts polled by Thomson Reuters expected GoPro to earn 18

GoPro beats Q1 targets, buys French company Kolor

Action camera maker GoPro late Tuesday beat Wall Street’s targets for first-quarter sales and earnings, but its profit margin fell. GoPro earned 24 cents a share excluding items, up 140% year over year, on sales of $363 million, up 54%. Analysts polled by Thomson Reuters expected 18 cents and $341 million. On a GAAP basis, GoPro earned 11 cents a share, up 38% and a penny better than Wall Street’s target. GAAP results include the impact of stock-based compensation. GoPro had a gross profit margin of 45.2%, compared with 47.9% in Q4 and 41.1% in Q1 2014. After three straight quarters of accelerating sales growth, GoPro’s revenue growth slowed in the first quarter. In the previous three quarters, GoPro had year-over-year sales growth of 38%, 46% and 75%. GoPro (GPRO) late Monday also announced plans to acquire Kolor, a virtual reality and spherical media systems company based in Savoie, France …

GoPro sales growth poised to ease in first quarter

GoPro (GPRO) is expected to see its growth slow in Q1. The action camera maker has posted three straight quarters of accelerating sales growth. But Wall Street is modeling for March-quarter sales growth to ease on a year-over-year basis. GoPro is scheduled to report earnings after the market close Tuesday. Analysts polled by Thomson Reuters expect GoPro to earn 18 cents a share excluding items, up 50% year over year, on sales of $341 million, up 45%. Over the last three quarters, GoPro has seen year-over-year sales growth of 38%, 46% and 75%. For Q2, Wall Street is looking for GoPro to earn 16 cents a share minus items, up 100%, on sales of $334 million, up 36%. Dougherty & Co. analyst Charles Anderson reiterated his buy rating on GoPro stock Monday with a price target of 55. In early afternoon trading Monday, GoPro was up…