Categories AlphaGraphs, Earnings, Technology
GPRO Earnings: GoPro adj. earnings fall in Q3; revenue down 4%
GoPro, Inc. (NASDAQ: GPRO) reported a sharp fall in adjusted earnings for the third quarter of 2023 when the action camera maker’s revenues declined 4%.
September-quarter earnings, on an adjusted basis, was $0.04 per share, compared to $0.19 per share a year earlier. On a reported basis, it was a loss of $3.68 million or $0.02 per share in Q3, compared to net income of $17.6 million or $0.10 per share in the prior-year period.
The bottom line was negatively impacted by a 4% decrease in revenues to $294 million. Meanwhile, total camera shipments increased 16% year-over-year to around 923,000 units.
“The successful launch of HERO12 Black combined with strong entry-level product sales and our growing retail presence to help us exceed our Q3 revenue and unit sales expectations and finish the quarter with 2.5 million subscribers,” said the company’s CEO, Nicholas Woodman.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
