Scalper1 News
GoPro is expecting a big holiday shopping season for its popular Hero action cameras. The San Mateo, Calif.-based company late Thursday guided Wall Street higher for the fourth quarter after beating sales and earnings targets for the third quarter. GoPro (GPRO) stock was up 12% in midday trading on the stock market today, above 76, earlier rising above 81. Video processor supplier Ambarella (AMBA) also got a lift from GoPro’s earnings report. Ambarella stock was up 6.5% in midday trading. In Q3, GoPro earned 12 cents a share excluding items, vs. 1 cent a share in the same quarter last year. Sales rose 46% to $280 million. Analysts polled by Thomson Reuters expected GoPro to earn 8 cents a share minus items on sales of $265.6 million. For the December quarter, GoPro expects EPS ex items of 65 to 69 cents, vs. analyst expectations for 55 cents…. Scalper1 News
Scalper1 News