A number of stocks jumped in the afternoon session after President Trump clarified that he had no intention of removing Federal Reserve Chair Jerome Powell, a statement that helped calm markets. Earlier remarks had sparked fears of political interference in decision-making at the central bank.
With Trump walking back his earlier comments, investors likely felt more assured that monetary policy decisions would continue to be guided by data, not drama. That kept the Fed's word credible, and more importantly, gave investors a steadier compass to figure out where rates and the markets were headed next.
A number of stocks fell in the afternoon session after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.
The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer.
However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
GoPro’s stock price has taken a beating over the past six months, shedding 48.3% of its value and falling to $0.69 per share. This might have investors contemplating their next move.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Apple (NASDAQ:AAPL) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how GoPro (NASDAQ:GPRO) and the rest of the consumer electronics stocks fared in Q4.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at consumer electronics stocks, starting with Peloton (NASDAQ:PTON).
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the consumer electronics industry, including Sonos (NASDAQ:SONO) and its peers.
Shares of action camera company GoPro (NASDAQ:GPRO)
fell 21.7% in the afternoon session after the company reported disappointing fourth-quarter results, with revenue plunging 32% y/y. The company also missed expectations on both next-quarter revenue and EPS guidance. The downturn was fueled by a 16% drop in camera sell-through as the company recorded a 34% slump in retail channel sales, which made up 74% of total revenue.
Despite the sales decline, gross margin ticked up slightly, thanks to lower product costs. However, this wasn't enough to offset the volume decline, leading to a non-GAAP net loss, compared to modest profits a year ago.
Action camera company GoPro (NASDAQ:GPRO) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 32% year on year to $200.9 million. On the other hand, next quarter’s revenue guidance of $125 million was less impressive, coming in 8.8% below analysts’ estimates. Its non-GAAP loss of $0.09 per share was 21.7% above analysts’ consensus estimates.
Shares of action camera company GoPro (NASDAQ:GPRO)
jumped 9% in the afternoon session after it clarified in a press release that it expects its diversified supply chain to soften the blow of U.S. tariffs. As a result, the company doesn't expect the new tariffs to affect its prices in the U.S. or hurt its gross margins for goods shipped to the U.S. Brian McGee, CFO and COO added, "Over the last few years, we proactively moved our U.S.-bound camera production outside of China, which has significantly reduced the impact of tariffs."
GoPro reassures investors and consumers regarding its supply chain resilience amidst new U.S. tariffs. The company expects no major price or margin changes due to the tariffs.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Sonos (NASDAQ:SONO) and the rest of the consumer electronics stocks fared in Q3.
