GoPro

GoPro (GPRO) Reports Q1 Loss, Tops Revenue Estimates

GoPro (GPRO) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.34 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this action video camera maker would post earnings of $0.26 per share when it actually produced earnings of $0.30, delivering a surprise of 15.38%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

GoPro, which belongs to the Zacks Audio Video Production industry, posted revenues of $242.71 million for the quarter ended March 2019, surpassing the Zacks Consensus Estimate by 3.49%. This compares to year-ago revenues of $202.35 million. The company has topped consensus revenue estimates four times over the last four quarters.

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