GoPro Q1 2024 Adj EPS $(0.21) Beats $(0.25) Estimate, Sales $155.469M Beat $146.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
GoPro reported Q1 2024 adjusted EPS of $(0.21), surpassing the $(0.25) estimate, with sales of $155.469M exceeding the $146.500M forecast. This represents an 11.02% decrease in sales compared to the same period last year.

May 07, 2024 | 8:06 pm
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POSITIVE IMPACT
GoPro's Q1 2024 earnings surpassed analyst expectations in both EPS and sales, indicating a potential positive short-term impact on its stock price.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. However, the year-over-year decrease in sales might temper some of the positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100