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GoPro (GPRO) Stock Plummets on Weak Sales, Horrible Guidance
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GoPro (GPRO - Free Report) just released its fourth-quarter fiscal 2016 earnings results, posting adjusted earnings of $0.16 per share and revenue of $540.6 million.
GPRO was down 12.94% to $9.55 in after-hours trading shortly after its earnings report was released.
Currently, GPRO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
GoPro:
Beat earnings estimates. The company posted earnings of 16 cents per share (excluding 98 cents per share), beating our Zacks Consensus Estimate of 12 cents per share. The company experienced a GAAP loss of $116 million, or $0.82 loss per diluted share.
Missed revenue estimates. The company saw revenue figures of $540.6 million, falling well short of our estimate of $576 million.
GoPro's fourth quarter combined digital camera/camcorder unit share increased over 400 basis points year-over-year to 26.7% in the U.S
For the first quarter, GoPro expects revenue of around $200 million, +/- $10 million. Our current consensus estimate calls for revenues of $267.64 million.
"In 2016, big investments in hardware, cloud, and mobile yielded a solid foundational experience for our customers," said CEO Nicholas Woodman.
Here’s a graph that looks at GoPro’s recent earnings performance:
GoPro, Inc. engages in producing wearable HD camcorders, known as action cameras and related accessories. It also curates videos shot on its cameras and broadcasts those videos on its own channel on YouTube, Xbox Live and Virgin Atlantic flights. The company offers HERO line of cameras, premium accessories, mounts comprising equipment-based mounts, and it recently debuted its first drone.
Check back later for our full analysis on GoPro’s latest report!
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GoPro (GPRO) Stock Plummets on Weak Sales, Horrible Guidance
GoPro (GPRO - Free Report) just released its fourth-quarter fiscal 2016 earnings results, posting adjusted earnings of $0.16 per share and revenue of $540.6 million.
GPRO was down 12.94% to $9.55 in after-hours trading shortly after its earnings report was released.
Currently, GPRO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
GoPro:
Beat earnings estimates. The company posted earnings of 16 cents per share (excluding 98 cents per share), beating our Zacks Consensus Estimate of 12 cents per share. The company experienced a GAAP loss of $116 million, or $0.82 loss per diluted share.
Missed revenue estimates. The company saw revenue figures of $540.6 million, falling well short of our estimate of $576 million.
GoPro's fourth quarter combined digital camera/camcorder unit share increased over 400 basis points year-over-year to 26.7% in the U.S
For the first quarter, GoPro expects revenue of around $200 million, +/- $10 million. Our current consensus estimate calls for revenues of $267.64 million.
"In 2016, big investments in hardware, cloud, and mobile yielded a solid foundational experience for our customers," said CEO Nicholas Woodman.
Here’s a graph that looks at GoPro’s recent earnings performance:
GoPro, Inc. Price, Consensus and EPS Surprise
GoPro, Inc. Price, Consensus and EPS Surprise | GoPro, Inc. Quote
GoPro, Inc. engages in producing wearable HD camcorders, known as action cameras and related accessories. It also curates videos shot on its cameras and broadcasts those videos on its own channel on YouTube, Xbox Live and Virgin Atlantic flights. The company offers HERO line of cameras, premium accessories, mounts comprising equipment-based mounts, and it recently debuted its first drone.
Check back later for our full analysis on GoPro’s latest report!
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information?Click here>>