Business
GOPRO EARNINGS CLIMB IN FIRST QUARTER
$363 MILLION IN REVENUE
GoPro raked in $363 million in revenue for the first quarter, a 54% bump from the same time last year. Non-GAAP earnings hit 24 cents a share, beating estimates of 16 cents.
“We kicked off 2015 by delivering the second highest revenue quarter in GoPro´s history,“ said Nicholas Woodman, GoPro founder and CEO, in a statement released Wednesday. “We are making investments in talent, technology, software, and innovative new products that will fuel growth and strengthen GoPro´s ecosystem.“
“We kicked off 2015 by delivering the second highest revenue quarter in GoPro´s history,“ said Nicholas Woodman, GoPro founder and CEO, in a statement released Wednesday. “We are making investments in talent, technology, software, and innovative new products that will fuel growth and strengthen GoPro´s ecosystem.“
GoPro also confirmed its acquisition of virtual reality company Kolor. Financial terms of the deal were not disclosed. After approaching $94 “” an all-time high “” in October, share of GoPro have slowly dipped downward. However, the stock has rebounded since March, closing Tuesday trading above $51.
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