Tag Archives: gpro

GoPro red hot after Q3 earnings and holiday guidance

Action-camera maker GoPro (GPRO) continued to excite investors Monday, rising for the second straight trading day since the company reported much-better-than-expected Q3 results and forecast a strong holiday shopping season. GoPro (GPRO) jumped 9.4% to 84.32 on the stock market today. On Friday, GoPro soared 13% to 77.10. The San Mateo, Calif.-based company reported third-quarter earnings after the market close Thursday. Ambarella (AMBA), maker of the video processor used by GoPro cameras, hit an all-time high of 47.91 in intraday trading on Monday. Ambarella ended the regular trading session up 7.4% to 47.56. As GoPro approaches its all-time high of 98.47, reached on Oct. 7, Wall Street bulls and bears are growing more vocal about whether the stock has room to run or is set to fall.

GoPro rises on expectations for great holiday sales

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….

Action Camera Firm GoPro Tops Q3 Views, Guides Higher

Like one of its extreme-sports customers, action camera maker GoPro wowed with its third-quarter performance and fourth-quarter guidance. GoPro (GPRO) late Thursday reported Q3 earnings of 12 cents a share excluding items, compared with 1 cent a share in the same quarter last year. Sales jumped 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