GoPro Q2 Adj $(0.24) Beats $(0.25) Estimate, Sales $186.22M Beat $170.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
GoPro (NASDAQ:GPRO) reported Q2 losses of $(0.24) per share, beating the analyst estimate of $(0.25). Sales were $186.22M, surpassing the $170.02M estimate. Despite beating estimates, both earnings and sales decreased significantly compared to the same period last year.
August 06, 2024 | 9:00 pm
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GoPro reported Q2 losses of $(0.24) per share, beating the $(0.25) estimate. Sales were $186.22M, surpassing the $170.02M estimate. Despite beating estimates, both earnings and sales decreased significantly compared to the same period last year.
While GoPro beat both earnings and sales estimates, the significant year-over-year declines in both metrics may temper investor enthusiasm. The mixed results could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100