GoPro raises full-year revenue outlook as cheaper cameras click [Reuters (UK)]
GoPro, Inc. - Class A (GPRO)
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Source: Reuters
GoPro raises full-year revenue outlook as cheaper cameras click - Reuters 2 Min Read (Reuters) - GoPro Inc raised its full-year revenue forecast and reported a smaller-than-feared loss on Thursday, boosted by strong demand for its new range of cheaper action cameras from flagship brand HERO, sending its shares up 10 percent. The company’s action cameras, which are popular among surfers, sky divers and Instagram travel bloggers, have been facing stiff competition from smartphones with constantly improving camera quality. GoPro’s cheaper HERO cameras, increased marketing spend, job cuts and exit from its failing drone business have helped the company keep losses in check and revive margins. The company raised its revenue forecast for 2019 to between 7 percent and 10 percent, from its previous forecast of 5 percent and 8 percent. GoPro also said it expects most of its cameras for the U.S. market to be made in Mexico in the second half of 2019. “Our decision to move most of our US-bound p
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News
- GoPro Joins Teton Gravity Research to Introduce "Beyond the Fantasy," TGR's 29th Annual Ski and Snowboard Film [Yahoo! Finance]Yahoo! Finance
- GoPro Joins Teton Gravity Research to Introduce "Beyond the Fantasy," TGR's 29th Annual Ski and Snowboard FilmPR Newswire
- GoPro Q3 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- GoPro Announces Third Quarter ResultsPR Newswire
- GoPro, Inc. (NASDAQ: GPRO) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $1.50 price target on the stock.MarketBeat
GPRO
Earnings
- 11/7/24 - Beat
GPRO
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- GPRO's page on the SEC website