INSUBCONTINENT EXCLUSIVE:
GoPro stock is currently down 15 percent in after-hours trading and is falling after reporting its third quarter earnings
of $27.1 million, or 19 cents per share, in the quarter that ended on September 30, compared with a profit of $14.7 million, or 10 cents per
share, from the previous year
Likewise, GoPro saw revenue fall to $285.9 million from $329.8 million, down 13 percent year-over-year and up 1 percent sequentially
third quarter noted some successes though
In Europe, Japan and Korea, the company increased its unit and dollar market share substantially
In the U.S., GoPro still holds a massive chunk of the dollar and unit share, 96 percent and 87 percent, respectively
And for the 19th straight quarter, GoPro is the No
1 selling camera by unit volume in North America.The company is also still growing its social channels, reaching a 21-month high in
September.GoPro recently revamped its camera line up in time for the holiday quarter
Yet GoPro is still struggling, at least seemingly, at convincing owners to buy another unit
GoPro they purchased previously.
