Categories AlphaGraphs, Earnings, Technology
GPRO Earnings: GoPro slips to a loss in Q2 2023 on lower revenues
GoPro, Inc. (NASDAQ: GPRO) reported a net loss for the June quarter, compared to a profit last year, as the action camera maker’s revenues declined.
Second-quarter net loss, on an adjusted basis, was $0.07 per share, compared to earnings of $0.08 per share a year earlier. On a reported basis, net loss was $17.2 million or $0.11 per share in Q2, compared to net income of $2.51 million or $0.02 per share in the prior-year period.
The bottom line was negatively impacted by a 4% decrease in revenues to $241 million. Meanwhile, total camera shipments increased 10% year-over-year to 704,000 units.
“In Q2, GoPro saw an immediate retail sales and GoPro subscription lift as a result of our mid-quarter go-to-market strategy shift that included a return to pre-pandemic pricing and a greater emphasis on retail sales,” said the company’s CEO Nicholas Woodman.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was