GoPro Q2 Adj EPS $(0.07), Inline, Sales $241.02M Beat $221.61M Estimate
Portfolio Pulse from bharat@benzinga.com
GoPro reported Q2 earnings with losses of $(0.07) per share, in line with analyst consensus. This is a 187.5% decrease from last year's earnings. Quarterly sales were $241.02M, beating the analyst consensus of $221.61M by 8.76%, but a 3.86% decrease from last year's sales.
August 04, 2023 | 2:29 pm
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GoPro's Q2 earnings report showed losses in line with estimates and sales beating estimates, but both earnings and sales are down YoY.
GoPro's Q2 earnings report showed losses in line with estimates, which indicates that the company's financial performance is as expected. However, the YoY decrease in both earnings and sales could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100