Trade with Eva : Analytics in action: =GoPro (GPRO) reported earnings on Thur 2 Feb 2017 (a/h)

Thursday, February 2, 2017

GoPro beats by $0.05, misses on revs; guides Q1 revs below consensus :

Reports Q4 (Dec) earnings of $0.29 per share, $0.05 better than the Capital IQ Consensus of $0.24; revenues rose 23.8% year/year to $540.62 mln vs the $576.06 mln Capital IQ Consensus.
- Non-GAAP Gross Margin 39.5% (Guidance 39-41%)
- Social media views of GoPro content reached approximately 238 million, up over 40% year-over-year, driven by a 160% year-over-year increase in views on Facebook.
Co issues downside guidance for Q1, sees Q1 revs of $190-210 mln vs. $271.40 mln Capital IQ Consensus Estimate.
- GAAP and non-GAAP gross margin in the low 30% range
- Non-GAAP operating expenses of between $145 million and $155 million
2017
- Non-GAAP operating expenses below $600 million (Prior guidance was ~ $650 mln)