GoPro Inc reports results for the quarter ended June 30 - Earnings Summary

• GoPro Inc GPRO.OQ reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -24 cents. The lone analyst forecast for the quarter was for a loss of 6 cents per share.

• Revenue fell 18% to $152.64 million from a year ago.

• GoPro Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $16.42 million.

• GoPro Inc shares had risen by 86.2% this quarter and gained 29.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the household electronics peer group is also "hold"

• Wall Street's median 12-month price target for GoPro Inc is $0.99, about 43.1% below its last closing price of $1.41

This summary was machine generated from LSEG data August 11 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)