Recap: GoPro Q1 Earnings

GoPro 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.

GoPro beat estimated earnings by 50.0%, reporting an EPS of $0.09 versus an estimate of $0.06.

Revenue was up $13.03 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 4.03% increase in the share price the next day.

Here's a look at GoPro's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.35	0.20	0.04
EPS Actual	0.41	0.34	0.12	0.03
Revenue Estimate	382.63M	292.19M	232.31M	186.69M
Revenue Actual	391.15M	316.67M	249.59M	203.68M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

GoPro management provided guidance for Q2 2022, expecting earnings between $0.04 and $0.08 per share.

To track all earnings releases for GoPro visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.