GoPro, Inc. (GPRO) shares are down $4.56 to $25.65 in after-hours trading Wednesday after the company reported its third quarter earnings results.
The mountable and wearable camera maker posted earnings of $0.25 per share on revenues of $400.34 million, up 43% from a year ago. Analysts were expecting EPS of $0.29 on revenues of $431.48 million.
“I am proud of our year-to-date accomplishments in which we posted strong financial results and expanded our portfolio of products, however our business in the third quarter was clearly more difficult than anticipated,” CEO Nicholas Woodman said in a statement.
On valuation measures, GoPro Inc. shares, which currently have an average 3-month trading volume of 9.58 million shares, trade at a trailing-12 P/E of 27.05, a forward P/E of 15.57 and a P/E to growth ratio of 0.52. The median Wall Street price target on the name is $50 with a high target of $105.00. Currently ticker boasts 11 ‘Buy’ endorsements, compared to 7 ‘Holds’ and no ‘Sell’.
GPRO prints a one year loss of 56.51% and a year-to-date loss of 55.35%.
SunPower Corporation (SPWR) reported third-quarter EPS of $0.13 after the closing bell Wednesday, compared to the consensus estimate of ($0.02). Revenues decreased 37.3% from last year to $441.4 million. Analysts expected revenues of $428.89 million.
Looking ahead, the company guided non-GAAP Q415 revenues of $1.25 to $1.30 billion, compared to analysts’ expectations of $1.22 billion. On a GAAP basis, the company expects revenue of $300 to $350 million.
SunPower shares have decreased nearly 5 percent since the beginning of the year. The stock is currently up $1.08 to $25.70 on 1.53 million shares.
Shares of Yelp Inc. (YELP) gained $0.33 to $22.40 in extended trading after the company released its earnings results on Wednesday. The firm reported Q3’14 EPS of $0.03 per share vs. $0.06 consensus on $143.6 million in revenue, up 40.1% from a year ago.
For the current quarter ending in December, Yelp said it expects revenue in the range of $149.5 – $154.5 million, compared to the consensus revenue estimate of $152.03 million. The company projects full-year revenue in the range of $545.5 million – $551.5 million.
YELP currently prints a one year loss of 62.66% and a year-to-date loss of around 607%.
LifeLock, Inc. (LOCK) rallied $3.70 to $13.39 in after-hours trading after it reported fiscal results for the third-quarter.
In its quarterly report, the identity theft protection firm said it earned $0.28 per share, well above the $0.25 per share analysts were expecting. Revenue rose 23.6% to $152 million, above views for $147.36 million.
For Q4, LOCK provided EPS guidance of $0.28 – $0.30 versus consensus of $0.29 per share. The company also issued revenue projection of $153-155 million, compared to the consensus revenue estimate of $152.09 million.
PayPal Holdings, Inc. (PYPL) dropped $1.87 to $34.65 in after-hours trading after it reported fiscal results for the third quarter.
In its quarterly report, the technology platform company said it earned $0.31 per share, 2c above the $0.29 per share analysts were expecting. Revenue came in at $2.26 billion, below views for $2.28 billion.
“PayPal is entirely focused on digital payments and transforming money for people around the world. This clear focus and our strong value proposition allowed us to deliver strong financial results in the third quarter,” said in a statement Dan Schulman, President and CEO of PayPal.
The company expects full-year non-GAAP pro-forma EPS in the range of $1.23 – $1.27.