GoPro (GPRO) Affirms Q1 2017 Revenue At The High End Of The Guidance; Cutting 270 Jobs

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GoPro Affirms Q1 2017 Revenue At The High End Of The Guidance Range And Targets Full-Year Non-GAAP Profitability For 2017

March 15, 2017 4:05 PM EDT

SAN MATEO, Calif., March 15, 2017 /PRNewswire/ --

Cuts 2017 Operating Expenses By More Than $200 Million Year over Year On Track For New Hardware, Software and International Growth in 2017

GoPro, Inc. (NASDAQ: GPRO) announced that it affirms 2017 first quarter revenue to be in the upper end of its previously announced $190-210 million range and repeated its target of full-year non-GAAP profitability.  The Company also announced a restructuring that reduces full-year GAAP operating expenses to below $585 million and non-GAAP operating expenses to below $495 million without impacting... More