GoPro, Inc. (GPRO)

[swanlinbar]

GoPro Shares Slump After Revenue And Earnings Beat -- MarketWatch
4:43 pm ET November 1, 2018 (MarketWatch)
Share
Print
GoPro Inc. (GPRO) shares fell 9% in the extended session Thursday after the camera maker beat Wall Street revenue and earnings expecations. The company reported third-quarter net losses of $27.1 million, or losses of 19 cents a share, compared with net income of $14.7 million, or 10 cents a share, in the year-ago period. Adjusted for restructuring costs and stock-based compensation among other things, losses were 4 cents a share. Revenue fell to $285.9 million from $329.8 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 6 cents a share on revenue of $272.3 million. For the fourth quarter, analysts model adjusted earnings of 34 cents a share on sales of $393 million. GoPro stock has fallen 5.2% this year, with the S&P 500 index rising 2.5%.

-Max A. Cherney

For more from MarketWatch: http://www.marketwatch.com/newsviewer

(END) Dow Jones Newswires

November 01, 2018 16:43 ET (20:43 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.