Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of GoPro’s (GPRO) Q3 2020 earnings report
Shares of GoPro Inc. (NASDAQ: GPRO) gained during Thursday’s extended trading session after the company reported stronger-than-expected earnings for the third quarter of 2020.
Total revenue more than doubled annually to $280.5 million during the three-month period and surpassed the estimates. As a result, the action camera maker turned to a profit of $0.20 per share in the third quarter, on an adjusted basis, from a loss of $0.42 per share in the same period of last year.
On an unadjusted basis, the company reported a net income of $3.3 million or $0.02 per share, compared to a loss of $74.8 million, or $0.51 per share in the prior-year period.
Read management/analysts’ comments on GoPro’s Q3 earnings
GoPro’s shares gained on Thursday evening, following the earnings announcement, after closing the regular session higher.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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