GoPro Earnings Live Blog: Q1 Conference Call

GoPro Inc GPRO reports earnings this Tuesday after the bell. The company is expected to hold a conference call at 5:00pm ET; below is a live blog of the events.

04:29:29pm: Description of Kolor from GoPro IR site:

GoPro To Acquire Kolor, A Leader In Virtual Reality and Spherical Media Solutions

GoPro Demos “Land, Air and Sea” VR Experience

SAN MATEO, CALIF. April 28, 2015 – GoPro, Inc. GPRO, enabler of some of today's most engaging content, today announced an agreement to acquire Kolor, a leader in virtual reality and spherical media solutions. All Kolor employees will join GoPro and will maintain operations at their headquarters in Savoie, France.

Spherical media enables a range of immersive viewing experiences and is an essential building block of virtual reality (VR), a technology poised to transform entertainment, education and other industries. Kolor’s solutions enable users to combine multiple photographs or videos to produce high-resolution panoramic or spherical content that can be enjoyed on mobile devices, the web or in a virtual reality environment.

“We are excited to welcome Kolor to GoPro,” said Nicholas Woodman, GoPro’s founder and CEO. “GoPro’s capture devices and Kolor’s software will combine to deliver exciting and highly accessible solutions for capturing, creating and sharing spherical content.” GoPro’s “Land, Air and Sea” spherical video demonstrates what’s possible with a few GoPro combined with Kolor’s software.

04:25:25pm: GoPro Announces Purchase of Kolor, No Terms Disclosed.

04:21:45pm: GoPro shares down 5% after hours, near $44.65.

04:06:27pm: GoPro Reports Q1 Adj. EPS $0.24 vs. Est. $0.18, Rev. $363.1M vs. Est. $340.99M

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