GoPro (GPRO) Reports Q1 Loss, Revenues Surpass Estimates
GPROGoPro(GPRO) Zacks Investment Research·2024-05-09 00:31

GoPro, Inc (GPRO) reported first-quarter 2024 non-GAAP loss of 21 cents per share, narrower than the Zacks Consensus Estimate of a loss of 24 cents. The company incurred a loss of 18 cents in the year-ago quarter. It generated revenues of $155.5 million, down 11% year over year. The top line beat the consensus mark by 5.6%. Revenue growth in the Retail business segment along with increasing subscriber base cushioned the top-line performance. Shares are up 3.3% in the pre-market trading on May 8. In the past ...