GoPro’s Sales Resume Growth, but Still Miss Expectations GoPro Inc’s revenue increased less than expected in the holiday quarter and its sales growth forecast for the current-quarter also fell short of expectations, hurt by shrinking demand for the company’s body-mounted point-of-view cameras. GoPro's Sales Resume Growth, but Still Miss Expectations GoPro also forecast a steep sequential drop in gross margins for the current quarter, sending the company’s shares tumbling nearly 14 percent in extended trading on Thursday. The company has been struggling with slowing sales of its helmet- and body-mounted cameras as cheaper rivals emerge and smartphones feature increasingly advanced cameras.

blank GoPro has also been plagued by missteps: a delay in the launch of the Karma drone, production issues for the Karma and Hero5 camera once they launched in mid-September, and then a recall. GoPro said on November 8 that it would recall about 2,500 drones due to power issues, and said on February 1 that it had resumed shipments.

go here The company did not sell the Hero5 on Amazon for most of the quarter – from mid-October to end-November – due to pricing disagreements with the online retailer.

home page While GoPro’s revenue rose nearly 24 percent to $540.6 million (roughly Rs. 3,641 crores) in the holiday quarter, increasing for the first time in five quarters, the growth was short of analysts’ expectations. Analysts on average were expecting $574.5 million (roughly Rs. 3,869 crores), having lowered their estimate by nearly 14 percent since November 3, when GoPro gave a revenue forecast of $600 million to $650 million (roughly Rs. 4,040 crores to Rs. 4,376 crores) for the quarter.

assignment help chat GoPro’s revenue is expected to rise again in the current quarter – to between $190 million and $210 million from $183.5 million a year earlier.

business plan writers brisbane But that is again well below analysts’ average estimate of $267.5 million, according to Thomson Reuters I/B/E/S. Buy - Transforming a Photo into a Painting with Photoshop CS6 The company said its gross margin in the current quarter would be in the low 30 percent range, a sharp drop from the 39.2 percent recorded in the fourth quarter.

term paper counseling services GoPro’s net loss widened to $115.7 million in the fourth quarter from $34.5 million a year earlier. The latest quarter included $102 million for a full valuation allowance on US deferred tax assets and nearly $37 million in restructuring costs.

see Excluding items, GoPro earned 29 cents per share, topping analysts’ estimates of 22 cents.

get GoPro has set an aim to return to profitability on an adjusted basis next year, and to that end, said in November it would cut about 15 percent of its workforce and shut its entertainment division, which makes original content.

Since then, GoPro’s shares had risen nearly 10 percent up to Thursday’s close.


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