GoPro (GPRO) Misses Q1 EPS by 3c; Guidance Reaffirmed But Drone Delayed
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Oppenheimer Remains Sidelined as GoPro (GPRO) Announces Drone Delay
May 6, 2016 7:55 AM EDTOppenheimer reiterated a Perform rating on GoPro (NASDAQ: GPRO) following 1Q earnings report. GPRO reported revenues of $183.5, ahead of the consensus estimates of $169M. EPS was reported as ($0.63) vs. ($0.55) estimate. Management reaffirmed FY16 revenue at $1.35-1.50B, and announced a delay of its drone product release,... More
GoPro (GPRO) PT Cut to $6.50 at Piper Jaffray as KARMA Gets Bumped Back
May 6, 2016 7:19 AM EDTPiper Jaffray analyst Erinn Murphy reiterated an Underweight rating and lowered her price target on GoPro (NASDAQ: GPRO) to $6.50 (from $7.00) following mixed Q1 results. Importantly, GoPro indicated it was delaying the launch of its drone, Karma. Karma will now launch in Holiday vs.... More
GoPro (GPRO) Shares Trade Near Session Lows Ahead of Q1 Print
May 5, 2016 3:07 PM EDTGoPro (Nasdaq: GPRO) shares are trading to session lows ahead of the company's Q1 report, which is expected out after markets close on Thursday.
Analysts expected GoPro to post Q1 loss of $0.60 per share on revenue of $169 million, versus EPS of $0.24... More
