GoPro offered a downbeat outlook for its current quarter, and its shares are selling off Friday.
GoPro Inc. offered a downbeat outlook for its current quarter, and its shares are selling off Friday.
The maker of action cameras said it expects $270 million to $290 million in revenue for the third quarter, along with adjusted earnings per share ranging from breakeven to 4 cents. While just two analysts follow GoPro GPRO , according to FactSet, their expectations as of July 31 were for $320 million in revenue and 16 cents in adjusted EPS.
“We look forward to 2024, when we expect to reap the full-year benefit of our strategic shift, unburdened by price protection expenses of $30 million in 2023 associated with our price change,” McGee added in his commentary.
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