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
Home Depot (HD) Q1 2024 Earnings: Key financials and quarterly highlights
The Home Depot (NYSE: HD) reported first quarter 2024 earnings results today. Sales decreased 2.3% year-over-year to $36.4 billion. Comparable sales decreased 2.8%. Net earnings were $3.6 billion, or $3.63 per share, compared
Applied Materials (AMAT) is set to report Q2 results. Here’s what to expect
Applied Materials, Inc. (NASDAQ: AMAT), a leading supplier of semiconductor fabrication equipment, has successfully navigated through market challenges, aided by its diversified customer base and continued innovation. The tech firm
What to expect when Lowe’s Companies (LOW) reports Q1 2024 earnings results
Shares of Lowe's Companies, Inc. (NYSE: LOW) were down over 1% on Monday. The stock has gained over 4% year-to-date. The home improvement retailer is scheduled to report its first