GoPro (GPRO) Tops Q4 EPS by 7c; Guides Q1 Revs Below

GoPro (NASDAQ: GPRO) reported Q4 EPS of $0.29, $0.07 better than the analyst estimate of $0.22. Revenue for the quarter came in at $540.62 million versus the consensus estimate of $574.54 million.

GUIDANCE:

GoPro sees Q1 2017 revenue of $190-210 million, versus the consensus of $264.46 million.

First Quarter 2017

• Revenue of $200 million +/- $10 million
• GAAP and non-GAAP gross margin in the low 30% range
• GAAP operating expenses of between $168 million and $178 million
• Non-GAAP operating expenses of between $145 million and $155 million

2017

• GAAP operating expenses below $688 million
• Non-GAAP operating expenses below $600 million

For earnings history and earnings-related data on GoPro (GPRO) click here.

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