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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • GoPro Revenue Rises 0 comments
    Aug 1, 2014 10:40 AM | about stocks: GPRO

    Originally published at

    GoPro Inc. (NASDAQ:GPRO) announced its financial results for the second quarter of fiscal year 2014, its first report since completing its initial public offering in June. GoPro revenues jumped 38% to $244.6M, beating analyst expectations of $238M. Adjusted earnings were $11.8M and $0.08 per share, a jump from the year-ago net loss of $3.2M and $0.03 per share. Overall earnings actually worsened, with the company posting a net loss of $19.8M and $0.24 per share. Back in June, the company listed its stock at the high end of its projected $21.00 to $24.00 price range, at $24.00 per share, and GoPro shares have soared since then. Despite the strong improvement in revenue the company's stock price has dropped nearly 10% since its earnings announcement. GoPro is exploring ways to stay ahead of the competition as potential competitors could attempt to undercut the $200 to $400 price range for GoPro cameras.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: GPRO
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