GoPro (NASDAQ:GPRO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.21-0.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34. The company issued revenue guidance of $360-380 million, compared to the consensus revenue estimate of $392.82 million.
GoPro stock traded down $1.74 during mid-day trading on Friday, hitting $5.44. The company had a trading volume of 26,823,233 shares, compared to its average volume of 4,577,816. GoPro has a 1 year low of $4.42 and a 1 year high of $9.60. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72.
GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, November 1st. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The company had revenue of $286.00 million for the quarter, compared to analyst estimates of $272.28 million. GoPro had a negative net margin of 17.77% and a negative return on equity of 65.78%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. On average, sell-side analysts anticipate that GoPro will post -0.54 EPS for the current year.
In other news, CFO Brian Mcgee sold 5,452 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $5.86, for a total transaction of $31,948.72. Following the transaction, the chief financial officer now directly owns 108,411 shares in the company, valued at $635,288.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 26.61% of the company’s stock.
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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