GoPro Q3 EPS $0.04 Beats $0.02 Estimate, Sales $294.30M Beat $281.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
GoPro reported Q3 earnings of $0.04 per share, beating the analyst consensus estimate of $0.02 by 100%. However, this is a 78.95% decrease from the same period last year. The company also reported quarterly sales of $294.30 million, beating the estimate of $281.47 million by 4.56%, but this is a 3.55% decrease from last year.
November 07, 2023 | 9:09 pm
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NEUTRAL IMPACT
GoPro's Q3 earnings and sales beat estimates but are down from the same period last year.
While GoPro beat estimates for Q3 earnings and sales, the decrease from the same period last year could potentially concern investors. This mixed result may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100