Consumer Electronics
How Analysts View GoPro After Q4 Earnings
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GoPro Inc. (NASDAQ: GPRO) reported its fourth-quarter financial results after the markets closed on Wednesday and analysts began cutting their price targets. 24/7 Wall St. has included some of the highlights from the earnings report, as well as how some analysts viewed GoPro after this catastrophic report.
The company had a net loss of $0.08 per share on $436.3 million in revenue. That compared to consensus estimates from Thomson Reuters for no earnings on $496.10 million in revenue. In the same period of the previous year, the company posted EPS of $0.99 and revenue of $633.91 million.
Note that right after this earnings report was released, GoPro shares were halted in the after-hours session.
In this report, Jack Lazar announced that he will be stepping down from the chief financial officer role at GoPro. Brian McGee will be taking over as of March 11.
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