The San Mateo, California-based company said it had a loss of 82 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, were 29 cents per share.
Category: San Mateo, CA
GoPro Stock Drops After-Hours on Fourth-Quarter Revenue Miss
GoPro stock fell almost 9% to $10 in after-hours trading on Thursday after reporting lower-than-expected revenue for the 2016 fourth quarter and guiding for weak revenue in the current quarter as well. After the market closed, the San Mateo, Calif.-based maker of action cameras said revenue rose 23.8% year-over-year to $541 million, but missed the FactSet consensus of $576 million for the period.