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GoPro (NASDAQ:GPRO) Third Quarter 2022 Results
Key Financial Results
- Revenue: US$305.1m (down 3.6% from 3Q 2021).
- Net income: US$17.6m (down 94% from 3Q 2021).
- Profit margin: 5.8% (down from 99% in 3Q 2021). The decrease in margin was primarily driven by higher expenses.
- EPS: US$0.11 (down from US$2.01 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GoPro Earnings Insights
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the US are expected to remain flat.
Performance of the American Consumer Durables industry.
The company’s shares are down 11% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we’ve spotted 1 warning sign for GoPro you should be aware of.
Valuation is complex, but we’re helping make it simple.
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View the Free Analysis
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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