News & Moves: GPRO, MELI, BCOV

(RTTNews) - A Picture Perfect GPRO

Camera maker GoPro Inc. (GPRO) has wowed investors with yet another strong quarter, reporting revenue and earnings well above its earlier projections.

The company's net income for Q3 2014 is $18 million or $0.12 per share compared to $11.8 million or $0.08 per share in Q2, 2014 and $1 million or $0.01 per share in Q3, 2013.

Revenue for Q3, 2014 is $280 million, up from $244.6 million in Q2, 2014 and $192.1 million in Q3, 2013.

According to data from NPD Group, in September, GoPro products represented the top three products in the digital camera and camcorder category, by units sold, and seven of the top ten camera accessory products, by units sold, in the U.S.

For Q4, 2014, the company foresees revenue to range between $550 million and $580 million compared to Wall Street analysts' estimate of $505.47 million.

GoPro went public as recently as June 26, 2014, priced at $24 per share. The stock closed Thursday's trading at $68.25, up 0.53%. In pre-market trading Friday, the stock is up more than 16% to $79.30.

Why Investors Are Buying Up MELI

MercadoLibre Inc. (MELI), which operates an online trading site for the Latin American markets, has reported impressive financial results for the third quarter ended September 30, 2014.

Net income for Q3, 2014 is $33.75 million or $0.76 per share on revenue of $147.9 million, both of which topped analysts' expectations. This compares with net income of $29 million or $0.66 per share and revenue of $123 million in the year-ago quarter.

The company has declared a quarterly dividend of $0.166 per share, payable on January 15, 2015 to shareholders of record as of the close of business on December 31, 2014.

MELI closed Thursday's trading 1.27% higher at $115.20. In after-hours, the stock was up 14.99% to $132.47.

Brightcove Shines In After-hours

Brightcove Inc. (BCOV), a global provider of cloud services for video, has forecast a loss for the fourth quarter, which however, narrowed from the previous quarter and is smaller than the consensus estimate.

For Q4, 2014, the company expects non-GAAP net loss per share range of $0.08 to $0.09, narrower than the non-GAAP net loss of $0.12 per share reported in Q3, 2014. Wall Street analysts are expecting a loss per share of $0.10 for the December quarter.

Revenue for the quarter is expected to range between $30.3 million and $30.8 million in line with the consensus estimate range of $30 million to $31 million. Revenue in Q3, 2014 is $31.5 million.

Brightcove ended September 30, 2014 with cash of $21.7 million.

BCOV, which is down nearly 62% year to date, closed Thursday's trading at $5.39. The stock was up more than 10% to $5.95 in extended trading.