Is GoPro's Post-Earnings Pop Sustainable?
GoPro's (NASDAQ: GPRO) stock recently jumped after the action camera maker's third-quarter numbers topped analysts' expectations. Its revenue fell 54% annually to $131.2 million but still beat estimates by about $5 million. Its net loss widened from $27.1 million to $74.8 million.
On a non-GAAP basis, its net loss also widened from $6.1 million to $61.3 million, or $0.42 per share, which still beat expectations by six cents. Wall Street set the bar pretty low this quarter, but the earnings beat still brought back some bulls. Let's see if that post-earnings pop is sustainable.
Image source: GoPro.
Source Fool.com
