Why I (Still) Hate GoPro Inc Stock

Why I (Still) Hate GoPro Inc Stock

GoPro (NASDAQ: GPRO) still trades about 60% below its June 2014 IPO price of $24, but the action-camera company's stock has actually enjoyed a rebound in August after reporting second-quarter results that crushed analyst estimates. Revenue rose 34% year over year to $269.5 million, exceeding expectations by $27 million. Its non-GAAP loss narrowed from $0.52 to $0.09 per share, topping estimates by $0.16.

For the third quarter, GoPro expects its revenue to rise 25% year over year at the midpoint of its guidance range, and for its non-GAAP loss to narrow from $0.60 per share to $0.06 per share. Wall Street expects GoPro revenue to rise 12% this year, finishing the year with a slim non-GAAP loss of $0.05 per share -- compared to a loss of $1.44 in 2016.

Source: Pixabay.

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Source: Fool.com