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
MS Earnings: Morgan Stanley Q1 2025 revenue and earnings beat estimates
Morgan Stanley (NYSE: MS) on Friday reported higher revenues and net profit for the first quarter of 2025. The latest numbers also exceeded analysts’ estimates. The company reported net revenues
WFC Earnings: Key quarterly highlights from Wells Fargo’s Q1 2025 financial results
Wells Fargo & Company (NYSE: WFC) reported its first quarter 2025 earnings results today. Total revenue decreased 3% year-over-year to $20.15 billion. Net income grew 6% to $4.89 billion and
JPM Earnings: All you need to know about JPMorgan’s Q1 2025 earnings results
JPMorgan Chase & Co. (NYSE: JPM) reported its first quarter 2025 earnings results today. Reported net revenue increased 8% year-over-year to $45.3 billion. Managed net revenue was $46 billion, also
