Published on 9 May 2024 on Zacks via Yahoo Finance
GoPro (GPRO) Reports Q1 Loss, Revenues Surpass Estimates
GoPro, Inc GPRO reported first-quarter 2024 non-GAAP loss of 21 cents per share, narrower than the Zacks Consensus Estimate of a loss of 24 cents. The company incurred a loss of 18 cents in the year-ago quarter.It generated revenues of $155.5 million, down 11% year over year. The top line beat the consensus mark by 5.6%.Revenue growth in the Retail business segment along with increasing subscriber base cushioned the top-line performance.Shares are up 3.3% in the pre-market trading on May 8. In the past year, shares of GPRO have lost 58.2% of their value compared with the sub-industry’s decline of 12.6%.
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