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.
Jerash Holdings (US), Inc. (NASDAQ: JRSH) reported significantly improved financial results for the fiscal 2026…
Shares of Prospect Capital Corporation (PSEC) traded mixed to slightly positive in early trading on…
Waters Corporation (WAT) shares dropped 14.49% to $326.04 in early trading on Tuesday after the…
Universal Corp. (UVV) shares fell 10.72% to $51.62 in Tuesday trading after the global agriproducts…
Upwork Inc (UPWK) shares fell 4.76% to $17.89 in early trading on Tuesday after the…
Amkor (NASDAQ: AMKR) posted net sales of $1888 million. Amkor Q4 2025 earnings showed robust…