GoPro (GPRO) Tops Q3 EPS by 13c; Guides Q4 Below Street

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Go back to GoPro (GPRO) Tops Q3 EPS by 13c; Guides Q4 Below Street

GoPro Announces Third Quarter 2017 Results

November 1, 2017 4:05 PM EDT

SAN MATEO, Calif., Nov. 1, 2017 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced financial results for its third quarter ended September 30, 2017.

"GoPro has turned a corner, restoring growth and profitability to our business," said founder and CEO Nicholas Woodman.  "We are dedicated to growing as an innovative company, while being a vigilant steward of shareholder capital."

"During the quarter we generated $47 million in cash and gross margins were 40 percent.  Year-over-year, we grew revenue by 37 percent and dramatically reduced operating costs without impacting our product roadmap.  We launched our premium-priced HERO6... More