GoPro. Shares of the San Mateo, Calif.-based maker of wearable devices and cameras were down 16% early Thursday, falling below $25 at one point. It was the lowest since its IPO in June 2014. GoPro’s third quarter sales, announced Wednesday, were up 43% to $400 million, but short of forecasts, as were its earnings. The company offered a sneak peek of a quadcopter drone in the works.
Time Warner Cable. The pay-TV and Internet provider, which Charter Communications is attempting to acquire for $55 billion, said Thursday it had its best third quarter in nine years in some categories. Broadband customers were up 232,000, including 218,000 triple play customers, while pay-TV customers fell 7,000, the lowest Q3 decline since 2006. Net income of $437 million fell below that of the same period last year, but earnings, adjusted for some items, of $1.62 per share beat analysts expectations of $1.55.
Sony. Video games for the PlayStation 4, image sensors and cameras helped drive Sony to its fourth straight profit beat. Net income of 33.6 billion yen ($278 million) in the Tokyo-headquartered electronics company improved on a 136 billion yen net loss in the same period last year, reports Bloomberg.
Samsung. The Seoul, South Korea-based electronics giant posted its first earnings gain in more than a year Thursday. Record profit for its semiconductor division, which supplies chips to Apple iPhones, helped offset a decline in sales of Samsung’s own Galaxy phones. Third-quarter net income rose 28% to 5.3 trillion won ($4.6 billion), slightly below analysts’ forecast of 5.6 trillion won.
IBM. Big Blue shares were down less than 1% early Thursday, a day after the company acquired The Weather Co., the parent company of The Weather Channel. That network will remain a standalone entity, while IBM integrates The Weather Co.’s massive data into its cloud and future Internet of Things services.
Follow Mike Snider on Twitter: @MikeSnider
Read or Share this story: http://usat.ly/1NaIym7