GoPro (GPRO) Reports In-Line Q1 EPS, Beats on Revenue; Guides Q2 Revenue Above Consensus

GoPro (NASDAQ: GPRO) reported Q1 EPS of ($0.44), in-line with the analyst estimate of ($0.44). Revenue for the quarter came in at $218.61 million versus the consensus estimate of $207.89 million.

GUIDANCE:

GoPro sees Q2 2017 revenue of $260-280 million, versus the consensus of $241.26 million.

Business Outlook

GoPro is providing the following guidance:

Second Quarter 2017

• Revenue of $270 million +/- $10 million
• GAAP and non-GAAP gross margin to be 33.5% +/- 1%
• GAAP operating expenses of between $142 million and $146 million
• Non-GAAP operating expenses of between $122 million and $126 million
• Adjusted EBITDA to be $(15) million +/- $5 million

2017

• GAAP operating expenses below $580 million
• Non-GAAP operating expenses below $495 million

For earnings history and earnings-related data on GoPro (GPRO) click here.

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