GoPro misses by $0.22, misses on revs (5.50 +0.03)
- Reports Q4 (Dec) loss of $0.30 per share, $0.22 worse than the Capital IQ Consensus of ($0.08); revenues fell 38.1% year/year to $334.8 mln vs the $340.19 mln Capital IQ Consensus.
- Gross margin fell to 24.8% from 39.5% one year ago.
- Non-GAAP operating expenses were down 33% year-over-year to $476 million. In 2018, co is targeting non-GAAP operating expenses below $400 million -- a cumulative reduction of more than $300 million since 2016