Yahoo Finance GoPro First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
GoPro (NASDAQ:GPRO) First Quarter 2024 Results
Key Financial Results
Revenue: US$155.5m (down 11% from 1Q 2023).
Net loss: US$339.1m (loss widened by US$309.2m from 1Q 2023).
US$2.24 loss per share (further deteriorated from US$0.19 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GoPro Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are down 8.3% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of GoPro's balance sheet and an in-depth analysis of the company's financial position.
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