GoPro (GPRO) Misses Q1 EPS by 3c; Guidance Reaffirmed But Drone Delayed
- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Wall Street closes higher as investors digest earnings, megacap outlook
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
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