Wearable-camera maker reports strong third-quarter results
- GoPro shares rise 14% after beating analysts’ expectations
- Third-quarter sales of $294.3 million, down 4% from last year
- Adjusted earnings of 4 cents a share, beating forecasts of 2 cents a share
- Focus on partnerships with brick-and-mortar retailers paying off
- Rolling out lower-priced, entry-level models to expand market
Shares of GoPro rose 14% after the wearable-camera maker reported third-quarter results that topped Wall Street analysts’ expectations. The company reported third-quarter sales of $294.3 million, down 4% from last year but above analysts’ forecasts. GoPro also swung to a quarterly loss of $3.7 million, but adjusted earnings of 4 cents a share beat expectations. CEO Nicholas Woodman attributed the success to the company’s focus on partnerships with brick-and-mortar retailers and the introduction of lower-priced, entry-level models.
Factuality Level: 8
Factuality Justification: The article provides specific information about GoPro’s third-quarter results, including sales figures and earnings. It also includes quotes from the company’s CEO and COO. However, the article does not provide any analysis or context for the information, and it does not mention any potential challenges or risks facing the company. Overall, the article seems to present the information accurately, but it lacks depth and perspective.
Noise Level: 7
Noise Justification: The article provides some relevant information about GoPro’s third-quarter results, including sales figures and earnings. However, it lacks in-depth analysis or insights into long-term trends or antifragility. It also does not hold powerful people accountable or provide scientific rigor. The article stays on topic and supports its claims with data, but it does not provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Shares of GoPro
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses GoPro’s third-quarter results and the impact on its stock price. There is no mention of an extreme event.
Public Companies: GoPro (GPRO)
Key People: Nicholas Woodman (Chief Executive), Brian McGee (Chief Operating Officer, Chief Financial Officer)
Reported publicly:
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