Lower unit sales affect GPRO's third-quarter performance. The delayed camera launch may negatively impact overall revenues in 2024.
While the top- and bottom-line numbers for GoPro (GPRO) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
GoPro, Inc. (GPRO) Q3 2024 Earnings Call Transcript
GoPro (GPRO) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.04 per share a year ago.
GPRO's newest addition to the HERO series is an ultra-compact, feature-rich camera with a price tag of just $199.
GoPro (GPRO) reported earnings 30 days ago. What's next for the stock?
GPRO's latest cameras, HERO13 Black and HERO, are priced at $399.99 and $199.99, respectively, and are compatible with the Quik app.
GoPro (GPRO) initiates a restructuring plan of reducing 15% of its workforce by the end of 2024 to address financial challenges and competitive pressures.
GoPro Inc (NASDAQ:GPRO) has unveiled plans to cut its workforce by 15% as the action camera maker looks to bring operating costs under control after sales have dipped recently. Some 139 jobs are set to be affected under the move, which comes as part of a broader restructuring plan and follows a 4% headcount reduction in March this year.
Action camera maker GoPro Inc said on Monday it would cut about 15% of its workforce, or about 139 jobs, as part of a restructuring plan.
GoPro's (GPRO) second-quarter performance has been cushioned by increased demand for the flagship HERO12 Black camera in Europe and North America. The company remains focused on strategic efforts to drive growth.
GoPro (GPRO) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.07 per share a year ago.