logo-loader
viewGoPro Inc

GoPro shares plunge in pre-market as quarterlies miss the mark

Revenue for the quarter was US$334.8mln, while analysts had been expecting US$340.1mln.

1517580724_shutterstock_311419472.jpg
Through the lens - Gopro is a camera group

GoPro Inc (NASDAQ:GPRO), the camera tech group, saw shares plunge 5% in pre-market deals as it posted results, which missed analysts' expectations.

Revenue for the quarter was US$334.8mln, while analysts had been expecting US$340.1mln.

Sees second half revenue growth 

The adjusted loss per share was 30 US cents versus the 11 US cents expected.

GoPro said that it expects revenue for the first half of 2018 to be lower compared to the first half of 2017.

But it expects to see revenue growth in the second half of the year as it introduces higher margin products.

GoPro shares shed 4.91% to US$5.23.

Quick facts: GoPro Inc

Price: 4.16 USD

NASDAQ:GPRO
Market: NASDAQ
Market Cap: $647.94 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Minera Alamos announces 14-million-dollar deal with Osisko Gold Royalties to...

Minera Alamos (CVE: MAI) President Doug Ramshaw joined Steve Darling from Proactive Vancouver on Skype with details about a deal they have signed with Osisko Gold Royalties to help fund construction on their Santana project in Mexico. Ramshaw telling Proactive how the deal will work and the...

1 day, 15 hours ago

2 min read