GoPro (GPRO) Plunges Over 20% as Trading Resumes
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Wedbush Retains Outperform on GoPro (GPRO) Amid Faith in HERO5s and Karma Potential
November 4, 2016 8:55 AM EDTWedbush analyst Nick McKay cut his price target on GoPro (NASDAQ: GPRO) to $12.00 (from $17.50) following weak results on supply issues but retains an Outperform rating saying the remain confident in the sales potential of the HERO5s and Karma.
McKay commented,... More
GoPro tumbles as production issues hurt results, forecast
November 3, 2016 4:26 PM EDT(Reuters) - Wearable camera maker GoPro Inc (NASDAQ: GPRO) reported a much steeper-than-expected fall in quarterly revenue and its forecast for the key-holiday quarter also missed analysts' estimates, hurt by production issues for its newest products.
GoPro, whose shares tumbled 20 percent after the bell on Thursday, has now reported falling sales for four quarters, in part due to dwindling demand for its body-mounted point-of-view cameras favored by surfers, skydivers and other action junkies.
After a delay, GoPro launched a new camera... More
GoPro (GPRO) Misses Q3 EPS by 24c; Issues Light Guidance
November 3, 2016 4:17 PM EDTGoPro (NASDAQ: GPRO) reported Q3 EPS of ($0.60), $0.24 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $240.57 million versus the consensus estimate of $315.89 million.
GUIDANCE:
GoPro sees Q4 2016 EPS of $0.25-$0.35, versus the consensus of $0.46. GoPro sees Q4... More
