Why GoPro Shares Are Falling
GoPro Inc (NASDAQ: GPRO) shares are trading lower by 18.63% at $7.12 after the company reported worse-than-expected first-quarter sales results.
55 Stocks Moving In Friday’s Mid-Day Session
Gainers
Swvl Holdings Corp. (NASDAQ: SWVL) surged 24.4% to $7.50. Swvl Holdings 13D Filing from investor Ahmed Sabbah showed a new 6.4% stake in the company.
Citigroup Maintains Sell on GoPro, Lowers Price Target to $8
Citigroup analyst Jim Suva maintains GoPro (NASDAQ:GPRO) with a Sell and lowers the price target from $9 to $8.
Recap: GoPro Q1 Earnings
GoPro (NASDAQ:GPRO) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
GoPro beat estimated earnings by 50.0%, reporting an EPS of $0.09 versus an estimate of $0.06.
What’s Going On With GoPro Shares Today?
Shares of several companies in the broader consumer discretionary sector, including GoPro Inc (NASDAQ: GPRO), are trading lower amid overall weakness as traders continue to digest Wednesday's Fed rate hike announcement. An increase in yields has pressured technology and growth stocks.
Earnings Scheduled For May 5, 2022
Companies Reporting Before The Bell
• Mirum Pharmaceuticals (NASDAQ:MIRM) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million.
Deliveries, But By Drone? 6 Stocks To Watch
After years of regulatory issues, it seems the vision of drones filling the skies delivering products in 30 minutes or less may finally be realized, as a subsidiary of Google’s parent company Alphabet (NASDAQ: GOOGL) is rolling out its commercial drone delivery service.
Why This Analyst Is So Impressed With GoPro Right Now
GoPro Inc’s (NASDAQ: GPRO) online strategic realignment to a subscription-based model has been impressive, enabling the company to expand margins and offer “greater go-forward visibility,” according to Jefferies.
Watching GoPro Shares; Traders Circulate Woodland Report Article Titled ‘GoPro (GPRO) could be a turnaround company valued at $16 per share’
https://woodlandreport.com/2022/02/gopro-gpro-could-be-a-turnaround-company-valued-at-16-per-share/
Earnings Scheduled For February 3, 2022
Companies Reporting Before The Bell
• Tuesday Morning (NASDAQ:TUEM) is likely to report earnings for its second quarter.