5.99 0.00 (0.00%)
After hours: 5:36PM EST
|Bid||5.92 x 21500|
|Ask||5.99 x 4000|
|Day's Range||5.77 - 5.99|
|52 Week Range||4.00 - 7.60|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.25|
Global X Funds senior vice president Jay Jacobs and Mobile Nations senior editor Russell Holly discuss their outlooks on Twitter and Snap.
Feb.07 -- GoPro Inc. CEO Nicholas Woodman says it's moving some production from China to Mexico to avoid potential tariffs. He speaks to Bloomberg's Selina Wang.
Cisco Stock Up 3.92% after Upbeat Q2 Earnings(Continued from Prior Part)Cisco’s earnings performance Cisco Systems (CSCO) posted better-than-expected earnings in the second quarter of fiscal 2019 on February 13 after the market bell. Second-quarter
Cisco Stock Up 3.92% after Upbeat Q2 EarningsCisco’s stock price movement Cisco Systems (CSCO) stock increased 3.92% in after-hours trading on February 13 after the tech giant reported upbeat results for the second quarter of fiscal 2019, which
Audio tech maker Sonos, Inc. (NASDAQ:SONO) is having a hard time reversing the strong downtrend in its stock price. And if the CFO retirement and the second-quarter warning weigh any more on its stock, its market capitalization may fall below the $1 billion level. Despite the premium speaker supplier differentiating itself from other brands, cheaper smart speakers from Alphabet (NASDAQ:GOOGL) or Amazon.com (NASDAQ:AMZN) might prolong the glut of Sonos speakers on the market. Investors are looking for bullish reasons to hold SONO stock?Sonos continues to develop consumer interest in its brand. First quarter results showed it can drive sustainable, profitable growth. Revenue grew 6% over last year to $496 million while EBITDA came in at $87 million, up 34%. It now has eight million homes using the speaker product. Each share of SONO stock earned 55 cents diluted, up from 26 cents last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe balance sheet is healthy because the firm ended the quarter with $307.4 million in cash, compared to $31.4 billion in long-term debt. * Buy These 5 Stocks to Play the Megatrend of the Century New product launches helped drive revenue in the period. It recently launched Sonos Beam, lifting home theater revenue by 42% Y/Y. With that strong initial pace, investors should expect this segment of the market lifting overall results for the full year. Unfortunately, European consumers haven't yet embraced voice assistant products, with the smart speaker still in its infancy but management it's only a matter of time. Sonos also restrained itself from spending more on sales and marketing. But with a bigger ad budget for the region, Q2 results may not come in as weak as management guided. Disappointing ForecastsA reduced sell-through in Q1 raised Sonos' channel inventory enough to cause management to warn on Q2 results. A delayed production schedule with IKEA, pushed into Q3 instead of Q2, is putting pressure on EBITDA growth for the full year. Sonos forecasts revenue growing 10-12% and in the range of $1.25 billion-$1.275 billion. Adjusted EBITDA growth will be in the range of 20-27%.Investors turned sour on SONO stock because the seasonal Q1 strength, helped by the holiday period, follows with a typically slower period. Then, add in the uncertainties for European customers not yet ready to buy a Sonos product, the retirement of CFO Michael Giannetto, and the revised IKEA product launch. It might seem as if these issues appear temporary but management did not rule out a slowdown in some channels in the U.S. continuing into the current second quarter. New Product IntrosIn addition to the new products introduced last quarter, Sonos could add more speakers and headphones to its product catalog to drive slowing sales. Management has a less risky plan. On the quarterly conference call, they said it could apply its expertise in wireless by further developing cloud connectivity and services. If it were to enter new markets like earphones, it would have to bring some feature that differentiated SONO from the competition. * 10 Best Dividend Stocks to Buy for the Next 10 Months Shareholders should welcome this approach. Too often, companies run with new product introductions only to end up with higher costs and with products that are low margin because they do not add anything new to the mix. Fitbit (NYSE:FIT) and GoPro (NASDAQ:GPRO) are just two examples. Fitbit is now competing with smartwatches while GoPro's video camera competes with the smartphone video capture and video cameras themselves. Valuation on SONO Stock is ToughThere's thin coverage on Wall Street on Sonos stock. The four analysts watching SONO have a $16.50 average price target (links to Tipranks), implying more than 50% upside. Realistically, arriving at a fair value on Sonos' value is tricky because the company has not been a public company for very long. Its revenue potential is difficult to forecast because the company is still in a growth phase.Newly listed stocks are inherently risky and Sonos is no exception. If you try out its product you will know how much better the sound quality is over competitors. Plus, the company does not overcharge for its product. As an investment, though, Sonos stock is still a "show me" play. Fortunately, management is not panicking over the near-term inventory issues and slowing demand. It has the right attitude of delivering a superior product that stands out over the competition. And it is embracing home assistance on the speaker and a quality sound experience. That is a winning attitude that could pay off for Sonos investors.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post Why Buying Sonos After the Dip Is Not a Leap of Faith By Any Measure appeared first on InvestorPlace.
Amazon Updates: Cloud, Advertising, Prime, and HQ2Amazon seeking cloud customers Amazon (AMZN) is making a powerful pitch to retailers to use its cloud services, according to a report from Business Insider. This move appears to be an effort by the
GoPro (NASDAQ:GPRO) surprised traders on Feb, 7 by reporting a small, fourth-quarter profit, leading to hope that the company and GoPro stock might have a future, or at least be worth something.Source: GoPro The action-camera company said it earned $31.67 million, or 22 cents per share on revenue of $377 million in its fourth quarter. The market cap of GoPro stock as of this morning was $794 million. * Buy These 5 Stocks to Play the Megatrend of the Century GPRO needed a hero this Christmas and it got one in the Hero 7, a new lineup of cameras that it unveiled in September. The company's picture storage program, GoPro Plus, also drew 14,000 more subscribers for $5 per month, bringing the total number of subscribers to the service to 199,000. That should add about $3 million of high-margin revenue to the company's top line each quarter. A Difficult YearLast year , which included the cancellation of GoPro's Karma drone and massive layoffs, was tough for the company, whose head count was cut from 1,273 to 841.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCEO and founder Nick Woodman learned some hard lessons from which GoPro is now benefiting. As a result, rather than trying to expand into new hardware markets like drones, he's focusing on software and services. Rather than keeping things static, he's looking to solve problems before they appear. For example, GPRO is moving some production from China to Mexico to avoid tariffs.There is a new maturity to Woodman, and GoPro, that business reporters can admire. But investors who are not professionals shouldn't buy GoPro stock, since a marginally profitable company that is growing revenue in the single digits is not where casual investors should be putting their money.GoPro stock has rallied on the heels of the company's Q4 results to $5.66 as of this morning, but GPRO stock is still well below its 52-week high of $7.60. Any Buyers?GoPro stock has risen on takeover rumors before.Xiaomi, the Chinese phone company that went public in Hong Kong last year, was said to be kicking GoPro's tires in April. That report boosted GoPro stock for a short time A few years before, Apple (NASDAQ:AAPL) had been said to be mulling a bid but those rumors also came to nothing, after sparking a brief but sharp rally of GoPro stock.The fact is that GPRO would not have greatly benefited either AAPL or Xiaomi. GoPro is not worth much as a technology. It might, however, be useful within its outdoor niche for a company like Under Armour (NASDAQ:UA) or Nike (NYSE:NKE), which could use it to enhance its own line of fitness monitors and other electronic products.In any case, no deal is going to be made without Woodman's cooperation. He owns almost 76% of the voting shares of GoPro stock. Any suitor would have to convince Woodman that GoPro would prosper under its umbrella. An acquirer would probably also have to guarantee the CEO autonomy, and possibly grant him an even larger fiefdom and budget. The Bottom Line on GoPro StockAnticipating a deal would be a silly reason to buy GoPro stock, as our Lawrence Meyers wrote, but it may be a best-case scenario for the owners of GPRO stock.GoPro now knows what it is -- an adventure and athletics technology company, rather than a camera and drone company. Its CEO has gotten through a tough spell and come out the other side, a little sadder and a little wiser, while GoPro stock is still worth something.The problem, in the near term, is that the athletic apparel guys like Under Armour, Nike and even Columbia Sportswear (NASDAQ:COLM) would have to be convinced they can stay competitive and make money in electronics before they would agree to buy GPRO. It would be Woodman's toughest selling job yet.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post After GoPro's Surprise Profit, Should Investors Buy GoPro Stock? appeared first on InvestorPlace.
I understand the attraction of Fitbit (NYSE:FIT) stock. Cash on the balance sheet accounts for almost half the market capitalization of Fitbit stock. And FIT stock, at least on a price-to-revenue basis, is cheap.Source: Shutterstock At the same time, however, I've been a longtime skeptic regarding FIT, and even as Fitbit stock has rallied sharply in 2019 - gaining 30% YTD - that opinion hasn't changed. FIT stock is intriguing from a distance. Looking closer, there are plenty of reasons for caution. Here are three of those reasons that suggest investors should consider taking profits, particularly ahead of Q4 earnings that should arrive later this month. * Buy These 5 Stocks to Play the Megatrend of the Century Reason 1: We've Been Here Before with FIT StockFIT stock now has gained 52% from late October's all-time lows. It's been a great rally for investors who were able to time it properly.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut it's not a rally that suggests something has fundamentally changed with Fitbit stock. Over the past two-plus years, as FIT has remained dead money, rallies have come and gone. Starting in August 2017, FIT climbed from $5 to $7. The gains evaporated in less than six months.It jumped again in May, from under $5 to over $7 in June. By late October, the stock as noted was at an all-time low.Fitbit did post a solid earnings beat in late October, which catalyzed a rally before broad market fears wiped it out. But a 'beat' relative to expectations is not the same as real progress. And the fact remains that Fitbit's story hasn't changed materially, while the stock price has. Reason 2: Fitbit Stock Isn't 'Cheap'With cash on the books over $600 million, Fitbit has an enterprise value under $1 billion. Against 2018 revenue guidance of "approximately" $1.5 billion, that suggests an EV/sales multiple of about 0.6x.That seems cheap. The valuation actually sits modestly below that of fellow hardware play GoPro (NASDAQ:GPRO), who continues to struggle. It's a noted discount to rival Garmin (NASDAQ:GRMN), which trades at almost 4x revenue. Consumer electronics manufacturer Logitech (NASDAQ:LOGI) is at 2x. Move FIT's multiple to even 1x sales, bulls argue, and the stock climbs above $8.But there's a catch here. Fitbit isn't profitable. In fact, it isn't really close. Adjusted EBITDA this year is likely to be in the range of negative $50 million (excluding another $100 million in share-based compensation) based on guidance. Free cash flow is guided to negative $20 million. And Fitbit revenue still is guided to decline this year while in the supposedly strong Q3, revenue rose just 0.3%.A declining, unprofitable business simply can't be called cheap. A turnaround? Sure. But as I detailed last month, Fitbit probably has to grow revenue in the order of 50% simply to become profitable when accounting for the dilution of Fitbit shareholders. The math here, in terms of profitability, still doesn't work. Fitbit is going to need a blowout Q4 and a huge 2019 to even get close to changing that. Reason 3: Competition Isn't Going AnywhereAnd it's tough to grow revenue without market leadership. Fitbit no longer is the market leader; that crown belongs to Apple (NASDAQ:AAPL). And Apple Watch sales, unlike those of Fitbit, are growing, per both SEC filings and management commentary. Garmin is having success as well.Again, there's a case for a turnaround from Fitbit. But even better products suggest a tough road to hoe when it comes to gaining market share. Low-end wearables are going to be commoditized; challenging Apple on the high end of any product is always difficult.The numbers say Fitbit has to grow. The competitive environment suggests that will be difficult. That's a tough combination. But with expectations clearly rising heading into earnings, investors seem to believe that's the path Fitbit is on.Perhaps. Perhaps this time is different. But history and even recent results suggest otherwise. Fitbit does have a fortress balance sheet, and plenty of time to execute its turnaround.That's been the case for two years, however, and FIT stock has provided minimal returns for investors who held over that period. With the stock up 30% already this year, investors looking for more very well could be disappointed.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post 3 Reasons to Sell Fitbit Stock Ahead of This Month's Earnings appeared first on InvestorPlace.
In years past, the Christmas season has been dicey for GoPro (NASDAQ:GPRO) stock. On several occasions, the company has suffered product delays and quality issues, which have crushed the top line. But this time around, GPRO got its act together. There were no land mines. The result is GoPro stock is up by about 5% on the news of its quarterly results.Let's get a rundown: Revenue rose by 13% to $377 million, which beat the consensus forecast of $374 million. The company also posted net income of $32 million, or 22 cents a share, up from a loss of $56 million, or 41 cents a share in the year-ago quarter. When adjusting for one-time items, the profits were 30 cents a share. This beat the analysts' forecast of 26 cents a share.Note that this was the first quarterly profit in five quarter. What's more, CEO Nick Woodman indicated that the goal is to be profitable for the full year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThen again, he has been hyper focused on driving costs down, which has been done primarily with several rounds of layoffs. He also dumped the drone business, which had become an albatross. * 10 Best Dividend Stocks to Buy for the Next 10 Months The goal is to keep operating costs at $400 million or lower. Here are some other highlights of the quarter: * At $4.99 a month, the GoPro Plus subscription now provides users with unlimited cloud storage for videos and photos. There is no need to connect the camera as there is auto-offloading and backup. The service also comes with 50% discounts off most GoPro mounts and accessories. So far, thee are around 200,000 paid subscribers. * The company plans to move its U.S.-bound camera production out of China and back to the U.S., so as to avoid the tariffs. This should be completed by the summer of this year. * For cool highlight videos for the HERO7 Black camera, GoPro went to its customers. The result was $1 million divided among those who had the best clips (or $17,500 per winner).But perhaps the most important news -- at least for GPRO stock -- is the buzz for the HERO7 line of cameras. It has won a myriad of awards and accolades, such as from CES, PCMag, USA Today and Popular Science. Then again, the camera does have some nifty features. One is HyperSmooth, which allows for high-end camera stabilization with gimbal-like performance. Then there is TimeWarp that compresses long experiences into shorter video.As a result of all this, GoPro has been getting traction with market share in the U.S., Europe, Japan, Korea and Thailand. There has also been continued momentum on social channels, with total followers at over 38 million. Much of the growth has been on Facebook's (NASDAQ:FB) Instagram and Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube. Bottom Line on the GPRO Stock PriceAs should be no surprise, Woodman displayed his typical enthusiasm on the earnings call, saying: "GoPro's brand has never been stronger. Our products never better and we're fired up for the year ahead."But for those looking at GPRO stock, there should be caution. There has already been a run-up in the shares, going from $4 to $5.40 since December. Besides, GPRO remains a niche operator in a market that is not growing much. Keep in mind that the company expects the top line to increase anywhere from 5% to 8% during 2019. And even though the company has improved its operations, the competitive environment remains intense. Smartphones from companies like Apple (NASDAQ:AAPL) are getting much more sophisticated camera capabilities.The valuation on GPRO is also a bit pricey -- at least compared to the sluggish growth rate -- as the forward price-to-earnings multiple is near 20X. In other words, until there is more of a pick-up on the top line, there is not much reason to buy in right now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post GoPro Finally Has a Good Christmas Quarter appeared first on InvestorPlace.
GoPro Inc. executives have been sounding bullish in the last two months, and Wednesday’s fourth quarter conference call was no exception, with a forecast for profitability in 2019 for the action camera maker, but its results were helped by past cost cutting and company layoffs.
Shares of Sonos (NASDAQ:SONO) dropped sharply after the wireless and home speaker manufacturer reported solid first-quarter numbers that topped analyst estimates, but included a warning about second-quarter revenue growth and uninspiring news that CFO Michael Giannetto would leave the company later this year. In response, SONO stock dropped more than 10%.To be sure, the quarter wasn't all bad news for Sonos. New products sold well in the quarter. Revenue growth was decent. Adjusted EBITDA margins continued to expand, and management maintained their full-year and long term revenue and EBITDA growth targets.But, just because the quarter wasn't a complete disaster, that doesn't mean this dip in SONO stock is worth buying. In fact, quite the opposite. Sonos increasingly looks like a niche consumer hardware company that will follow in the footsteps of GoPro (NASDAQ:GPRO) and Fitbit (NYSE:FIT).InvestorPlace - Stock Market News, Stock Advice & Trading TipsSecond-quarter numbers did nothing to deflate that bear thesis. As such, so long as the prevailing thesis here remains GoPro 2.0, investors should stay away from SONO stock, especially at prices above $10. GoPro 2.0 Thesis Still Holds Water for SonosIn early September, when Sonos was a $20 stock, I wrote a piece on why Sonos looked like GoPro 2.0. * 7 Reasons You Want Boeing Stock in Your Portfolio Broadly speaking, the thesis was that Sonos operates in a niche consumer hardware space with hardware that isn't terribly hard to replicate. Importantly, the company isn't big enough or have enough customers to benefit from network effects, and other companies in this space are much bigger with much larger customer ecosystems. As such, Sonos finds itself in a similar position today as GoPro and Fitbit found themselves in several quarters ago.The GoPro and Fitbit narrative ended poorly. The Sonos narrative will, too. It will come under increasing competitive pressure from bigger players. Sales growth will slow. Margin expansion will slow. Profit growth will slow. The whole company will slow, and that will have a negative impact on SONO stock.It appears the market is buying into this thesis. Since early September, SONO stock has lost about half of its value, and now trades just over $10.There wasn't anything in the Q1 report which provides much relief to bulls. Revenue growth was positive, but it was weak. Adjusted EBITDA margins moved higher, but that's because of lower marketing spend, which is diluting revenue growth. Also, gross margins dropped year-over-year due to an adverse product mix. The long term guide was maintained, but near-term inventory challenges in Q2 call into question the legitimacy of that long term guide.Overall, there was some good news in the first-quarter report, but not enough to override the prevailing bear thesis here. So long as that bear thesis remains front and center, SONO stock will struggle for gains. SONO Stock Isn't Cheap EnoughEven in my realistic best case scenario for Sonos, I don't think SONO stock is worth over $10 today.Management is guiding for long term revenue growth of 10%-plus. That seems aggressive considering slowing growth trends, huge competition, and lessened marketing spend. As such, I think mid-to-high-single-digit revenue growth is much more realistic over the next several years, and that $2 billion in revenue is doable by fiscal 2025.During that stretch, I expect margins to keep heading higher thanks to constrained marketing spend coupled with healthy revenue growth. By fiscal 2025, adjusted EBITDA margins have an opportunity to hit 10%.Under those assumptions, I think a realistic best case scenario for SONO stock is $1 in EPS by fiscal 2025. A market average 16 forward multiple on that implies a fiscal 2024 price target of $16. Discounted back by 10% per year, that equates to a fiscal 2019 price target for SONO stock below $10.Bottom line? The prevailing bear thesis on SONO stock currently looks pretty accurate. So long as revenue growth rates remain depressed and gross margins keep dropping, it won't go away. And so long as that bear thesis sticks around, SONO stock will struggle for gains.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monster Growth Stocks to Buy for 2019 and Beyond * 7 Cloud Stocks To Buy Now * 5 Undervalued Stocks to Invest In Compare Brokers The post Sonos Stock Still Isn't Cheap Enough to Buy appeared first on InvestorPlace.
GoPro Inc NASDAQ/NGS:GPROView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining Bearish sentimentShort interest | NeutralShort interest is moderately high for GPRO with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 18. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding GPRO totaled $2.37 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
GoPro Inc. (NASDAQ: GPRO) issued a strong earnings report and bullish guidance on the near future, but analysts find the long-term picture for the action camera maker a bit blurry. GoPro reported its first profit in five quarters Wednesday, beating Wall Street expectations by a nickel, with revenue also coming in above estimates. Morgan Stanley’s Yuuji Anderson wrote in a note that to sustain its recovery, GoPro needs more success with cheaper cameras, beyond its centerpiece higher-priced flagship product.
“China was more challenging last year but we still managed to grow 2 percent,” Woodman said in an interview with Bloomberg TV Thursday. Sales from the Asia Pacific region are a boon for GoPro, with growth rates in Thailand, Korea and Japan running several times faster than in China, where consumers have cut back on purchases of everything from iPhones to air conditioners.
SECTORFOCUS BLOG Muddied morning. Stocks were heading lower on Thursday morning, as Dow Jones Industrial Average futures were off 0.5% ahead of the open. Downbeat data from Europe reignited worries about global growth this morning, while commentary from the Federal Reserve also set markets on edge.
GoPro (GPRO) delivered earnings and revenue surprises of 15.38% and 0.39%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
GoPro earnings (NASDAQ:GPRO) were better than expected when compared to Wall Street's guidance, helping to lift GPRO stock slightly as the company readiest itself for its fiscal 2019. Source: GoPro For its fourth quarter of the fiscal 2018, the San Mateo, Calif.-based maker of action cameras said that its net income tallied up to $32 million, or 22 cents per share. In the year-ago quarter, the company posted a loss of $56 million, which was roughly 41 cents per share at the time. GoPro added that its adjusted earnings for the period came in at a positive 30 cents per share, which is the same amount that the company posted in adjusted losses during its fourth quarter of fiscal 2017. Analysts were calling for adjusted earnings of 26 cents per share, according to a FactSet survey. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The camera manufacturer revealed it brought in revenue of $377 million for its fourth quarter, a 12.5% surge when compared to its year-ago quarter. The Wall Street guidance projected revenue of $374 million, per FactSet. Unit sell through of GoPro's cameras was also higher year-over-year, growing 20%. As of Wednesday, the company has amassed 199,000 active paying subscribers on its GoPro Plus subscription service, which nets you protection for all your GoPro devices, unlimited cloud storage, discounts on accessories and more. This figure is a 50% improvement over the year-ago period. GPRO stock was edging higher about 0.8% after the bell off the back of a positive end to the year for the company. Shares had been increasing roughly 0.8% during regular trading hours as well on Wednesday. ### More From InvestorPlace * 7 Stocks That Won Super Bowl Sunday * 10 F-Rated Stocks That Could Break Your Portfolio * The 9 Best Stocks to Invest In During a Manic Market Compare Brokers The post GoPro Earnings: GPRO Stock Edges Higher on Strong Q4 EPS, Sales appeared first on InvestorPlace.
The San Mateo, California-based company said it had profit of 22 cents per share. Earnings, adjusted for one-time gains and costs, were 30 cents per share. The results surpassed Wall Street expectations. ...