GoPro Inc is an American technology company known for its innovative cameras and related accessories that cater to action sports enthusiasts and adventure seekers
The company designs and manufactures high-definition camera systems capable of capturing immersive video and photography, often in challenging environments. GoPro's products include compact and durable cameras, as well as software and applications that facilitate content editing, sharing, and storage. Additionally, GoPro has established a community platform that connects users, enabling them to showcase their unique experiences and content. Through its focus on user-generated content and cutting-edge technology, GoPro has solidified its position as a leader in the action camera market.
Shares of action camera company GoPro (NASDAQGPRO)
jumped 9% in the afternoon session after it clarified in a press release that it expects its diversified supply chain to soften the blow of U.S. tariffs. As a result, the company doesn't expect the new tariffs to affect its prices in the U.S. or hurt its gross margins for goods shipped to the U.S. Brian McGee, CFO and COO added, "Over the last few years, we proactively moved our U.S.-bound camera production outside of China, which has significantly reduced the impact of tariffs."
GoPro reassures investors and consumers regarding its supply chain resilience amidst new U.S. tariffs. The company expects no major price or margin changes due to the tariffs.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Sonos (NASDAQSONO) and the rest of the consumer electronics stocks fared in Q3.
In investing and life, it's very easy to get tunnel vision – doing what works and staying in your comfort zone. I wanted to attend the Consumer Electronics Show in Las Vegas to shake myself out of this pattern. Here are my thoughts from this event.
GoPro share price crashed by 68% in 2024 as growth has decelerated. The company is facing substantial competition as demand wanes. The stock has plunged to a record low as management embarks on cost cuts.
Over the last six months, GoPro’s shares have sunk to $1.10, producing a disappointing 19.7% loss - a stark contrast to the S&P 500’s 6% gain. This might have investors contemplating their next move.
Action camera company GoPro (NASDAQGPRO) reported Q3 CY2024 results topping the market’s revenue expectations, but sales fell 12% year on year to $258.9 million. Its non-GAAP loss of $0 per share was also 100% above analysts’ consensus estimates.
Shares of action camera company GoPro (NASDAQGPRO)
fell 10.3% in the afternoon session after the company announced plans to cut its workforce by 26% as part of an updated restructuring plan, up from the initial target of 15%. A restructuring plan is often part of initiatives to improve business efficiency, leading to improved cost savings and a better liquidity profile.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Peloton (NASDAQPTON) and its peers.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the consumer electronics industry, including Apple (NASDAQAAPL) and its peers.
