GoPro (GPRO) Tops Q3 EPS by 13c; Guides Q4 Below Street
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GoPro Announces Third Quarter 2017 Results
November 1, 2017 4:05 PM EDTSAN MATEO, Calif., Nov. 1, 2017 /PRNewswire/ --Â 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
