GoPro (GPRO) Posts Smaller-Than-Expected Q1 Loss, Stock Pops

GoPro (GPRO ) just released its first quarter financial results, posting an adjusted loss of $0.34 per share and revenues of $202.35 million.

GoPro is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of GoPro have plummeted over 40% in the last year and 11.4% in the last four weeks. The action camera company also saw its stock price dip marginally on Thursday to $4.96 per share prior to the release of its quarterly earnings results.

GoPro stock is currently up 3.43% to $5.13 per share in after-hours trading shortly after its earnings report was released.

GPRO:

Beat earnings estimates. The company posted an adjusted loss of $0.34 per share, beating the Zacks Consensus Estimate that called for a loss of $0.40 per share.

Beat revenue estimates. The company saw revenue figures of $202.35 million, crushing our consensus estimate of $175.40 million.

GoPro’s quarterly revenues fell roughly 7% from $218.61 million in the year-ago period. Meanwhile, the action camera company’s bottom line climbed 22.7% from a $0.44 loss per share in the year-prior period.

“We began to step up marketing programs in March which, coupled with overall expense controls, solid channel management and second half new product launches, gives us confidence for a successful 2018 for GoPro,” CEO Nicholas Woodman said in a statement.

Here’s a graph that looks at GPRO’s Price, Consensus and EPS Surprise history:

GoPro, Inc. Price, Consensus and EPS Surprise

GoPro, Inc. Price, Consensus and EPS Surprise | GoPro, Inc. Quote

Check back later for our full analysis on GPRO’s earnings report!

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