Scalper1 News
Action camera maker GoPro late Tuesday beat Wall Street’s targets for first-quarter sales and earnings, but its profit margin fell. GoPro earned 24 cents a share excluding items, up 140% year over year, on sales of $363 million, up 54%. Analysts polled by Thomson Reuters expected 18 cents and $341 million. On a GAAP basis, GoPro earned 11 cents a share, up 38% and a penny better than Wall Street’s target. GAAP results include the impact of stock-based compensation. GoPro had a gross profit margin of 45.2%, compared with 47.9% in Q4 and 41.1% in Q1 2014. After three straight quarters of accelerating sales growth, GoPro’s revenue growth slowed in the first quarter. In the previous three quarters, GoPro had year-over-year sales growth of 38%, 46% and 75%. GoPro (GPRO) late Monday also announced plans to acquire Kolor, a virtual reality and spherical media systems company based in Savoie, France … Scalper1 News
Scalper1 News