GoPro Swings to (Adjusted) Profitability, Promises a Stronger Second Half
GoPro (NASDAQ: GPRO) released second-quarter 2019 results on Thursday after the markets closed, delivering a slightly smaller adjusted profit on lower revenue than most analysts were expecting.
But with the help of impending product launches and the accelerated growth from its recently improved Plus subscription service, the action camera specialist also followed by raising its full-year revenue and earnings guidance.
With shares up around 5% in after-hours trading as of this writing -- albeit after a similar decline in today's session ahead of the report -- let's pan in for a clearer view of how GoPro ended the first half, as well as what investors should be watching for the rest of 2019.
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